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INTEREST TABLES 

BASIS: DAYS 360 & 365 PER ANNUM 

And Other Useful Information 
Compiled By 

PERLEY MORSE & COMPANY 

CERTIFIED PUBLIC ACCOUNTANTS 

Sixty-One Broadway New York 

Telephone } J|| j^ Rector Cable Address "STANDIT" 



COPYRIGHT, 1913, BY PERLEY MORSE <fc COMPANY 



To THE Public : 

There is no iiniform basis for reckoning interest. Most banking 
institutions make calculations on the basis of 360 days to the year, 
though some use the basis of 365 days to the year. The National 
Government uses the 365-day year. 

To meet all requirements, we have prepared and submit herewith 
mterest tables on the basis of 360 days to the year and 365 days to 
the year. 

These tables show the amount of interest on One Dollar at differ- 
ent rates from 1% on the one-half point to 9i/2%, carried out to the 
seventh place, for any number of days in the year. 

They will be useful not only to the business man in mercantile 
and manufacturing pursuits, but also to the banker, broker and 
lawyer. 



INSTRUCTIONS 
Basis: 360 Days to the Year 

To find the interest on any amount for any number of days on 
the basis of three hundred and sixty days to the year: 

Multiply the amount by the interest on one dollar for the given 
time at the given rate. 

ProUem: What is the interest on $5,840.00 for 90 days at 5% ? 

Solution: By referring to the tables we find that the interest on 
$1.00 for 90 days at 5% is $.0125 (see page 42). Therefore, for 
$5,840.00 the interest would be the product of $.0125 multiplied by 
5,840, which gives $73.00, the answer required. 

Basis: 365 Days to the Yeair 

To find the interest on the three hundred and sixty-five days' 
basis, proceed in the same manner, using the three hundred and sixty- 
five days' tables. 

Problem: What is the interest on $5,840.00 for 90 days at 5% ? 

Solution: By referring to the tables we find that the interest on 
$1.00 for 90 days at 5% is $.0123288 (see page 20). Therefore, 
for $5,840.00 the interest would be the product of $.0123288 multi- 
plied by 5,840, which gives $72.00, the answer required. 

Interest figured on the three hundred and sixty days' basis is 1/73 
more than it is on the three hundred and sixty-five days' basis. 

Example: The interest on $5,840.00 for 90 days at 5%, using 
the three hundred and sixty days' basis, is $73.00, as shown in one 
of the above problems. By deducting 1/73, or $1.00 therefrom, we 
arrive at the answer for interest on $5,840.00 for 90 days at 5%, 
using the three hundred and sixty-five days' basis, or $72.00. 

For both the three hundred and sixty days' and the three hundred 
and sixty-five days' basis the amount of interest for rates ending in 
one-quarter or three-quarters may be obtained by division, thus: The 
amount of interest on one dollar for any given number of days at 
41/4% would be one-half of what it is at 81/2%, and at 4:%% the 
amount required would be one-half of what it is at 9%%. 

In figuring interest on nominal amounts it is unnecessary to use 
more than four places. 

Eespectfully submitted. 




New York, N. Y. certified public accountants, 

July 1, 1916 / 



Cost Accoun ting 

Excerpts from Report on Cost of Production 



Department of Commerce 

Miscellaneous Series No. 36 



Cost Accounting. 

The object of conducting business is to 
secure profits. Nothing that relates to 
manufacturing is of more importance than 
"costing/^ Efficiency rules may be ap- 
plied in an excellently equipped factory, 
but unless the proprietor has an ade- 
quate cost-finding system he is liable to 
suffer financial loss. If he does not know 
with a close degree of accuracy what the 
different articles he manufactures have 
cost and at what prices he can afford to 
sell them, he is not in a position to meet 
competition intelligently, and he invites 
business disaster. 

Under conditions as they existed for- 
merly he may have been satisfied with the 
profit earned on his whole line of prod- 
ucts, as shown by his annual balance sheet, 
but in these days there is the keenest com- 
petition in almost every line of manufac- 
turing, and the survival of the fittest is 
the inexorable law of the business world. 
Even if a manufacturer is satisfied with 
his yearly profit, which his balance sheet 
shows, he should know on which particular 
products he is making the most profit and 
on which he is making only a narrow 
margin of profit or losing money. Intelli- 
gent costing would enable him to distin- 
guish between the profits on different 
products, to discontinue the manufacture 
of products sold at a loss, to limit the 
sales of products on a small margin of 
profit, and to give more attention to the 
manufacture and marketing of products 
on which the largest profits are realized. 



Cost accounting is especially important 
for manufacturers with small or compara- 
tively small capital, in order that they 
may meet the severe competition of those 
who manufacture on an extensive scale. 
As a rule, the large manufacturers have 
not only the most improved machinery 
and most efficient methods of production, 
but also very accurate cost-finding sys- 
tems. 

Inefficient Methods of Small Manu- 
facturers. 

The comparatively small manufacturers 
have not been so slow in equipping their 
factories with up-to-date machinery and 
in adopting efficiency rules as they have 
been in planning a system by which they 
could know the actual costs of their dif- 
ferent units of production. Any investi- 
gation of this matter which may be made 
wdll show that an amazing number of 
American manufacturers have practically 
no costing system or only the crudest sorts 
of systems. 

Most manufacturers know the cost of 
materials and the direct labor cost for 
each unit of production, but do not intel- 
ligently distribute the general expenses, 
or "burden,^' or, as it is commonly termed, 
the "overhead." Many of them add to 
the material and labor cost for each unit 
what they think, judging from past expe- 
rience, the charge for overhead should be, 
and fix prices accordingly, but if they 
manufacture any variety of products, such 
guesswork will surely lead to a diminu- 
tion of profit or to financial loss. 



d 



Cost Accounting 



In recent years the profession of cost 
accounting has developed, but the small 
manufacturers, constituting much the 
larger number, have been much more 
backward than the large producers in 
adopting this kind of efficiency methods. 
They complain of the fierceness of com- 
petition, yet do not avail themselves of 
a costing system which would protect 
them against selling at a loss and insure 
larger profits. Perhaps the principal rea- 
son is that they think they cannot afford 
to pay the fees that are charged by effi- 
ciency experts for installing cost-account- 
ing systems. Many small manufacturers, 
however, employ as bookkeepers men, and 
often girls, whose accounting experience 
is so limited that they can scarcely pre- 
pare a profit and loss statement or an an- 
nual balance sheet and would be utterly 
unable to figure out an elaborate system 
of costing. 



Need of Simple System. 

A simple, inexpensive and yet accurate 
costing system is one of the crying needs 
of today. Eegardless of the expense of 
the installation of a scientific system by 
professional cost accountants, some of the 
systems are so complicated as to preclude 
their general use, because they are beyond 
the grasp of the ordinary small manu- 
facturer. And yet simple, practicable sys- 
tems can be adopted which come within 
the comprehension of inexperienced book- 
keepers, and by means of which a satisfac- 
tory knowledge of the costs of different 
products can be obtained. 



There are two elements of cost — raw 
materials and direct labor — which can be 
ascertained for different units with close 
accuracy, and these are usually the largest 
elements. Almost any manufacturer 
knows just how much raw material is 
used in any unit, and knows the cost of 
the direct labor. If he pays his employ- 
ees on the piece-price basis, he knows the 
cost of the direct labor per unit exactly. 
If the direct labor, or part of it, is paid 
on the time-rate basis, he generally knows, 
from records of production, the average 
time required by his employees to pro- 
duce a certain unit. Knowing the cost 
for materials and for direct labor, the 
problem is to find the proper burden for 
general expenses to apportion to each dif- 
ferent unit. This is the great stumbling 
block to an incredible number of manufac- 
turers. 

There are three systems of costing, all 
of them simple, which are more or less 
used. They may be designated the quan- 
tity method, the direct-labor method, and 
the prime-cost method. 



The Quantity Method. 

By this method the total general ex- 
pense during the preceding business pe- 
riod — that is, all expense except for raw 
materials and direct labor — is divided by 
the number of units produced, and the 
quotient is added to the cost of materials 
and direct labor for each unit. This may 
be expressed as follows: 



Burden, last period 
Number of units produced 



— amount of burden per unit. 



Cost Accounting 



If, for instance, during the last period 
the entire cost of manufacturing and sell- 
ing was $100,000, and the raw materials 
cost $50,000, and the direct labor $30,000, 
the burden amounted to $20,000. If, 
therefore, 10,000 units were produced dur- 
ing that period, the burden for each 
would be $2. Of course, the amount for 
raw materials used in the computation 
must be the amount actually used during 
the last business period, and not the 
amount purchased, which may be more or 
less, and this requires that there should 
be inventories of raw materials at the be- 
ginning and end of the period. The 
amount for raw materials — that is, ma- 
terials used in the unit — should be kept 
distinct from factory supplies. 

This method of costing is the simplest 



of all methods, and where only one kind 
of goods is manufactured it is the most 
accurate of all systems. A concern that 
manufactures only one kind of type- 
writer, for instance, would not need a 
more perfect system, but obviously this 
method is very defective if applied in a 
factory where goods of varying values 
are produced. 

The Direct-Labor Method. 

By this method the . burden charge is 
made on the basis of the cost of the di- 
rect labor for the unit, in the proportion 
of the total cost of direct labor to the 
total amount of burden during the pre- 
ceding period. This may be expressed as 
follows : 



Burden, last period 
Direct-labor pay roll 



Per cent of burden per unit. 



If during the last period the total di- 
rect-labor cost amounted to $30,000, and 
the burden to $20,000, a charge of 66. G7 
per cent of the direct-labor cost of the 
unit should be made for burden; that is, 
should be added to the cost of materials 
and direct labor for the unit. 

Where units are produced which differ 
in labor cost, this method is much more 
accurate than the quantity method, but 
it is defective where raw materials of dif- 
ferent values are used in different units, 
for the reason that under it the more ex- 



pensive grades of goods would not carry 
their proper proportion of burden. 

The Prime-Cost Method. 

By prime cost is meant the sum of the 
cost of raw materials and of direct labor. 
By this method the burden charge is made 
on the basis of the sum of the cost of raw 
materials and direct labor for the unit, in 
the proportion of the total cost of raw 
materials and direct labor to the total 
amount of burden during the preceding 
period. This may be expressed as fol- 
lows : 



Burden, last period 



Raw materials plus direct-labor pay roll 



Per cent of burden per unit. 



6 



Cost Accounting 



If during the last period the cost of equaled the amount of the net sales. 

raw materials amounted to $50,000, the There would be an inaccuracy if the net 

cost of direct labor to $30,000, a total of sales amounted to more or less than the 

$80,000, and the burden amounted to production, because the burden for the 

$20,000, a charge of 25 per cent ($20,- cost to sell should be computed on the 

000 -^- $80,000) of the prime cost of the amount of the net sales and not on the 

unit would be made for the burden, that production. 

is, should be added to the prime cost. By the dual method the ratio of bur- 

This method provides for the distribu- den for the unit is computed on the prime 
tion of the burden on the unit much cost, during the preceding period, for in- 
more accurately than the quantity meth- direct labor and for factory expense, be- 
od, where materials of different values are cause these portions of the burden are re- 
used in different units, or where more la- lated to the amount of the production, 
bor is employed on some units than on but the selling expense is computed not 
others ; and this method is more accurate on the amount of production, but on 
than the direct-labor method, where more the amount of the net sales. The ratio 
labor is employed on some units than on of burden for administrative expense is 
others. In costing by any method, a charge also computed on the amount of net sales 
should be made against the cost of the as the base, because administrative ex- 
unit to cover the average loss from waste pense is perhaps more nearly related to 
and seconds. the amount of net sales than to the value 
mi T^. 1 ■««• 1- 1 ^^ ^^® production, though this may differ 
The Dual Method. ^^^ different industries. 

Any of the three methods which have 

been described are easy of application. The Dual Method Illustrated. 
even by clerks who have little accounting 

experience. Another method is, however. If, for example, the expenses during 

recommended as more accurate and near- the last period were $50,000 for raw ma- 

ly as simple. Eor want of a better desig- terials, $30,000 for direct labor, $4,000 

nation it may be termed the "dual meth- for indirect labor, $3,000 for factory ex- 

od.^^ pense, $6,000 for administrative expense, 

The prime-cost method is accurate for and $7,000 for selling expense, making 

computing the burden on units which a total of $100,000, but if the net sales 

vary in the cost of materials and the cost amounted to $110,000, the percentage of 

of labor only when during the last busi- burden for the unit would be computed as 

ness period the value of the products shown in the following illustration: 

Expenses, last period: 

Raw materials $50,000 

Direct labor 30,000 

Prime cost 80,000 Per cent of burden for unit. 

Indirect labor 4,000 6.00 ($4,000 -^ $80,000). 

Factory expense 3,000 3.75 ($3,000 ^$80,000). 

Administrative expense 6,000 5.45 ($6,000 -^$110,000). 

SeUing expense 7,000 6.36 ($7,000 -^ $110,000). 

Total 100,000 

Net sales 110,000 



Cost Accounting 



Finding the Burden per Unit. 

These percentages are used to find the 
burden for a unit which is intended to be 



sold at $10, for instance, and the cost of 
which for raw materials was $4.25 and 
for direct labor $2.55, as illustrated be- 
low: 



Raw materials $4 . 25 

Direct labor 2 . 55 

Prime cost 6.80' 

Indirect labor 34 

Factory expense 255 

Administrative expense 545 

Selling expense 636 

Waste 043 

Seconds 068 

Total cost 8.69 

Profit 1.31 

Selling price 10.00 



(5 per cent of S6.80). 
(3.75 per cent of $6.80). 
(5.45 per cent of $10). 
(6.36 per cent of $10). 
(e. g., 1 per cent of $4.25). 
(e. g., 1 per cent of $6.80). 



(13.1 per cent of $10). 



As a matter of fact, most goods are 
manufactured to sell at certain prices 
which are determined in advance, and if 
the specification for raw material and for 
labor are found to be too high to allow a 
fair profit at the determined price, cheaper 
material or less labor is used. 

The dual method may be varied by bas- 
ing the percentage of burden for indirect 
labor and factory expense on the direct la- 
bor cost, instead of the prime cost, and it 



is claimed that for some industries, where 
the materials used differ but little in cost 
per unit, this modified method is more 
satisfactory. 

Accounts to be Kept. 

In order to compute the burden by the 
dual method, accounts should be kept for 
the foregoing mentioned items, and they 
may be subdivided as follows: 



Raw materials 
Direct labor: 

Wages of all employees in manufacturing occupations. 
Paid to contractors. 
Paid to home workers. 
Total direct labor. 
Indirect labor : 

Salaries of officials, chargeable to manufacturing. 
Wages of factory superintendent and foremen. 
. Wages of designers. 
Wages of employees iu sample department. 

Wages of other general help — machinist, clerks in factory (not general office), floor boys and 
girls, etc. (not including engineer and fireman). 
Total indirect labor. 



8 



Cost Accounting 



Factory expense: 

Rent of space used for manufacturing and shipping departments. 

Power, heat (or fuel and wages of engineer and fireman), hght, and water. 

Repairs on equipment. 

Depreciation of equipment. 

Fire insurance. 

Workmen's compensation or employers' liability. 

Welfare work. 

State, county, township, and municipal taxes. 

Other factory expense. 
Total factory expense. 
Cost of administration : 

Salaries of officials, not chargeable to indirect labor or cost to sell. 

Salaries of general office force and auditor. 

Rent of general office. 

Office suppHes, stationery, postage, telegrams, telephones. 

Insurance-Mother kinds than fire. 

Expense of collection and legal service. 

Bad debts. 

Corporation tax. 

Other administrative expense. 
Total cost of administration. 
Cost to sell : 

Salaries of officials, chargeable to sales department. 

Salaries, commissions, traveling and general expense of salesmen. 

Wages of other employees in sales department. 

Rent of showroom. 

Packing materials. 

Cartage and freight outward. 

Advertising. 

Other selhng expense. 
Total selUng expense. 
Waste and seconds : 

Loss from waste. 

Loss from seconds. 
Total. 



Checking Up Inaccuracies. 

Such accounts can be kept very easily 
if a specially ruled ledger is used. Some 
of the items under factory expense might 
not improperly be entered under cost of 
administration, their placement being a 
matter of opinion, but as these items are 
usually small, the result in computing the 
burden on a unit would be little affected, 
if any, by transferring them from one ac- 
count to another. 

In computing the proportion of burden 
for the unit on the basis of production 
and net sales during the preceding busi- 
ness period, the results would be more ac- 



curate if the profit and loss statement 
were made semiannually, instead of an- 
nually, and still more accurate if such a 
statement were made quarterly. In mak- 
ing computations by any method it should 
be borne in mind that the cost of mate- 
rials and direct labor, while usually the 
largest elements of cost, are those which 
are most liable to fluctuation, and in cal- 
culating the burden on the basis of the 
last period the differences in the cost of 
materials and direct labor at that time 
and at the time the computation is made 
should be taken into consideration. 
When a manufacturer puts out new 



Cost Accounting 



styles he must be particularly careful in 
costing if all or any part of the direct 
labor is paid on the time-rate basis. In 
making up samples for salesmen to take 
out on the road he should make time stud- 
ies of the several direct labor operations 
to ascertain as nearly as possible the di- 
rect labor cost per unit. When the goods 
to fill the first orders received are manu- 
factured, he should check up his first com- 
putation by the cost to manufacture in 
quantities, and if there is a difference he 
should adjust the selling price per unit 
accordingly. If it should happen that his 
price for goods of a certain style, as given 
to the salesmen, is too low to afiord a 
profit, the earlier he checks up his first 
calculation of the cost for that style the 
less money he will lose. 

The Departmental Method. 

While all of the methods of costing 
which have been described are compara- 
tively simple and inexpensive, and while 
for most factories one of these methods 
would be found entirely practicable and 
satisfactory, it is not claimed that for a 
highly organized factory, with many de- 
partments, any of these methods would 
be as accurate as one which would be 
adapted to the particular needs of the 
plant, and which might be devised by cost- 
accounting experts after a complete, care- 
ful study of the factory conditions. 

In a highly organized establishment the 
departmental method of apportioning bur- 
den should be adopted. Certain burden 
.charges should be made against the whole 
production of the factory, certain charges 
against the production of particular de- 
partments only, and other charges in part 



against the production of the whole fac- 
tory and in part against the production of 
particular departments. If a cotton mill, 
for instance, sells both yarn and cloth, 
the factory expense for the weave room 
or for the cost of indirect labor in that 
room should not be made a part of the 
burden on the product of the spinning 
room. In a printing plant the product 
that is printed only should not be charged 
with the expense for the bindery depart- 
ment. 

Competition and Cost Accounting. 

The great need of adequate cost find- 
ing among American manufacturers has 
been emphasized. In many lines of manu- 
facturing whole industries have suffered 
from the general lack of intelligent cost- 
ing. The unintelligent or unprogressive 
manufacturer often makes prices to un- 
dersell his competitors, not really know- 
ing whether he is making or losing money 
on the goods he sells, but in some cases 
thinking he is making money when he is 
actually losing. So much business is done 
in this cut-throat manner that even estab- 
lishments which have installed elaborate 
cost-finding systems have been forced to 
abandon them and revert to the ruinous 
policy of meeting the competition of reck- 
less business rivals regardless of conse- 
quences. They do this to hold their trade, 
hoping that profits on some lines will com- 
pensate for losses on other lines. The re- 
sult is that many lines of the manufactur- 
ing business are cut to pieces. The na- 
tional manufacturers' associations 
could do no greater service for their 
members than to urge them to adopt 
adequate cost finding systems. 



Two Departments of the United States Government, the Department 
of Commerce and the Federal Trade Commission, realizing that a 
knowledge of the cost of production is the most important element 
in manufacturing, have issued pamphlets, urging all manufacturers to 
immediately install Cost Systems. 

We operate a special department for the installation of cost systems. 




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o 



N the opposite page is a photographic copy of a Certified 
General Balance Sheet (Assets and Liabilities) prepared by us. 



In making an audit or investigation of a business concern we 
render a report containing among other exhibits, a General Balance 
Sheet in this form, supported by Schedules showing details of Accounts 
Keceivable (Schedule No. 1), Notes Receivable (Schedule No. 2), 
Accounts Payable (Schedule No. 3) and Notes Payable (Schedule 
No. 4), together with any other schedules necessary to explain the 
items. 

A financially healthy concern's Current Assets should be at least 
twice as much as its Current Liabilities. These two groups are always 
of principal interest to prospective creditors or financial institutions 
where credit is sought. 

We have a friendly regard for our clients and work diligently for 
their business advancement; but we have no pecuniary interest in 
their success; therefore, we are able to view conditions from a differ- 
ent angle than those who have a pecuniary interest. Hence, a 
Certified General Balance Sheet prepared by us exactly sets forth 
financial condition and we are able to make valuable suggestions not 
only for the improvement of accounting systems, but for the better- 
ment of general business methods. 

A periodical audit made by us is an insurance against defalcations 
and mistakes, and its moral effect on employees increases their 
efficiency. 

Our reports are used by financial institutions and others 
in combining and refinancing business industries; also by 
mercantile agencies, banks and dealers as a basis for credit. 

The affairs of our clients are strictly confidentiaL 



12 



PERUEY MORSE & CO>rPANY 

CERTTFrED PUBLIC ACCOUNTANTS 

SIXTV-ONE SROAD-WAV 

"JrEW vVOMC 

'tClCPHOHt J2*J rcct6« 

•CABLC AOenCSS "STANOtT" 

EXHIBIT "B« 



THE A. 'Ji, 2. 



MANUFACrjRING COMPANY 



STATEMENT OF INCOME AMD PROFIT & LOSS 



FOR THE YEAR ENDED BECEMBER 31 « 1914. 





GROSS SALES i 


$726,204 

17,695 


28 
03 


$708,509 
490,571 


,25 
.80 


100.00^ 
69.24^ 


'"■ ' 




Less:- Returns and Allowances ' 

NET SAI£S 






$^7,500 


00 






COST OP GOODS SOLD ^. . . . . 






CROSS EARNINGS FROM SALES ........ 






$217,937 

36,346 


.45 
.52 


30.76JJ 
5.13^5 






SELLING EXPENSES 






NET EARNINGS FROM SALES ...,<.... 






$181,590 
50,020 


.93 


25,63iS 
7.06jS 






ADMINISTRATION AND GENERAL EXPENSES . . * 






NET EARNINGS. . . > 






$131,570 
1,220 


.16 

.00 


i8.57fo 
.17^ 






OTHER INC03ffi. ...» 






GROSS INCOME, i . . . . , 






$132,790 
6,185 


.18 
.32 


18.74^ 






CHARGES AGAINST iNCblffi. 






NET INCOME 






$126,604 
37,500 


.86 
.00 


17.87;^ 
5.29;^ 






FIXED CHARGES:- 






Interest on Bonds ...... .. ..^ 






TOTAL FIXED CHARGES 






NET PROFIT FOR PERIOD (Applicable to 


$ 36,000 
30.000 


.00 
.OC 






$ 89,104 
66,000 


.66 
.00 


12.58^ 






Dividends, etc.) 






DIVIDENDS PAID. . . , 






RESERVES - FOR RExNEMLS. etc 






TOTAL DIVIDENDS AND RESERVES « . 














SURPLUS FOR THE PERIOD * . 






$ 23.104 
210,727 


.86 

.0 






SURPLUS OP PRIOR PERIOD » . 












TOTAL SURPLUS per EOT IB IT "A'» 






$233,832 


.36 























13 



ON the opposite page is a photographic copy of a Statement of 
Income and Profit & Loss prepared by us. This, together 
with the accompanying General Balance Sheet as shown on page ten, 
always forms a part of our report on an audit or investigation. The 
item of Cost of Goods Sold is supported by a schedule, showing the 
detail of cost. 

You will note in this Exhibit that Gross Sales less Returns and 
Allowances makes Net Sales ($708,509.25), which is one hundred per 
cent (100%) and that the Cost of Goods Sold ($490,571.80) is sixty- 
nine and twenty-four hundredths per cent (69.24%), making Gross 
Earnings from Sales or Gross Profit ($217,937.45) thirty and seventy- 
six hundredths per cent (30.76%). 

Most business men are keen on reducing Selling Expenses and 
Administration and General Expenses and do not pay suJ05cient at- 
tention to the more important item of Cost of Goods Sold. 

Cost of Goods Sold is composed of Cost of Material, Labor and 
Overhead Expense. The latter is difficult to compute. Do you know 
the amount thereof in your business? 

We contend in a general way that Selling Expenses and Admin- 
istration and General Expenses are immaterial, provided the Sales 
are boosted and the Cost of Goods Sold kept within bounds or reduced, 
and the right percentage of Gross Profit obtained. Do you know the 
Cost of the Commodities you sell and the Gross Profit obtained .^^ This 
is of prime importance. 

The installation of a correct Cost System and periodical audits by 
competent and reliable Certified Public Accountants keep you in- 
formed. 

In these times of keen competition you should control the Cost of the 
Commodities which you sell. Your competitors control the price you get 
for them. 



14 

Duties of Directors of Corporations and 
Liability for the Discharge of Same 

Directors of corporations, for their protection against personal liability, 
should insist that an exhaustive, periodical audit be made of the com- 
pany's afifairs by skilled and responsible Certified Public Accountants 



Here are some excerpts from legal deci- 
sions : 

Billings, Eeceiver v. Shaw, et al., 209 
N. Y. 265-282: 

"Directors of corporations act in a fidu- 
ciary capacity. In every action where the 
interest of the corporation is involved, par- 
ticularly where the same is in conflict 
with the individual interest of the direc- 
tors, they act as trustees and are strictly 
accountable to the creditors or stockhold- 
ers of the corporation for their action/' 

Continental Securities Co. v. Belmont, 
206 K Y. 7 : 

Speaking of directors, the Court says 
(p. 16)-: 

"They are trustees clothed with the 
power of controlling the property and 
managing the affairs of a corporation 
without let or hindrance. As to third per- 
sons, they are its agents, but as to the 
corporation itself, equity holds them lia- 
ble as trustees.^' 

Logan V. Fidelity Phoenix Ins. Co., 161 
A. D. 404-410: 

"A director is chargeable with such 
knowledge as to its (the corporation's) 
affairs as he actually possessed, or which 
in the discharge of his duties he should 
have had. His means of knowledge and 
his duty to acquire knowledge places him 
in the same position as if he had actual 
knowledge." 



McClure v. Wilson, 70 A. D. 149-153 : 
"As a director he was chargeable with 
such knowledge as he gained in that ca- 
pacity or might have learned by the ex- 
ercise of reasonable care." 

Cornell v. Seddinger, 237 Pa. 389: 
"Yet the total cost was carried upon 
the books as an available asset, under the 
head of *Work in Progress.' Any in- 
quiry into the make-up of this item would 
have disclosed its hollowness in so far as 
its fitness to be considered as a basis for 
dividends was concerned. The method of 
accounting was entirely wrong. Infla- 
tions of various kinds were in existence, 
of so glaring a nature that any fairly com- 
petent man, who paid any attention to the 
make-up of the items appearing upon the 
face of the reports, would have found 
that, instead of apparent profits, there was 
in reality an impairment of capital. The 
defense of Directors Price, Watt and Levy 
was that they relied upon the face of the 
reports of the treasurer, as showing prof- 
its, without making any inquiry as to the 
nature of the items reported as available 
assets. Directors can hardly he regarded 
as discharging their duty, and protecting 
the trust imposed upon them, when they 
accept a report which upon its face calls 
for explanation and analysis, and after a 
glance at it, to see that it purports to 
show profits, proceed without further in- 
vestigation to declare dividends. Yet it 
is admitted that this is practically what 



Duties of Directors of Corporations 



15 



was done. K'or was the general condition 
of the company such as to blunt the senses 
of the directors to the need of scrutinizing 
the reports. The minutes show that at 
the time these various dividends were de- 
clared, there was a shortage of working 
capital, and the directors were considering 
the necessity of borrowing money both 
upon notes and by mortgaging the real 
estate. It is admitted that two of the di- 
rectors had personal knowledge of the real 
condition of the company, and after a 
careful examination of the evidence we 
cannot avoid the conclusion that the other 
directors might, by the exercise of com- 
mon prudence, have readily ascertained 
the worthless character of much that was 



carried upon the reports of the treasurer 
as assets. . . . The failure of the direc- 
tors to investigate the character of the 
items of the report, led them to declare 
dividends when' there was no surplus or 
profits to divide. This action was not 
merely an error of judgment, but was 
the result of lack of attention to the real 
condition of the company. Mere igno- 
rance of facts which they could easily 
have ascertained cannot excuse them for 
the performance of illegal acts, in declar- 
ing dividends out of capital. It was the 
duty of the directors to inform themr- 
selves as to the actual condition of the 
company before declaring dividends/' 



Hence, Directors are required to direct, 
and to do so, should have a definite 
knowledge of what is going on. Lack 
of knowledge does^ not excuse them or 
make them immune from personal 
liability. 

In our accounting practice we fit ac- 
counting conditions to legal require- 
ments. 



16 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 365 ^™ ANNUM 




Days 




Days 


1% 


iy27o 


3% 


3^% 


3% 


3>^% 


4% 


4H% 


5% 


1 


.0000274 


.0000411 


.0000548 


.0000685 


.0000822 


.0000959 


.0001096 


.0001233 


.0001370 


1 


2 


.0000548 


.0000822 


.0001096 


.0001370 


.0001644 


.0001918 


.0002192 


.0002466 


.0002740 


3 


3 


.0000822 


.0001233 


.0001644 


.0002055 


.0002466 


.0002877 


.0003288 


.0003699 


.0004110 


3 


4 


.0001096 


.0001644 


.0002192 


.0002740 


.0003288 


.0003836 


.0004384 


. 0004932 


.0005479 


4 


5 


.0001370 


.0002055 


.0002740 


.0003425 


.0004110 


.0004795 


.0005479 


.0006164 


.0006849 


5 


6 


.0001644 


.0002466 


.0003288 


.0004110 


.0004932 


.0005753 


.0006575 


.0007397 


.0008219 


6 


7 


.0001918 


. 0002877 


.0003836 


.0004795 


. 0005753 


. 0006712 


.0007671 


. 0008630 


. 0009589 


7 


8 


.0002192 


.0003288 


.0004384 


.0005479 


.0006575 


.0007671 


. 0008767 


.0009863 


.0010959 


8 


9 


.0002466 


.0003699 


. 0004932 


.0006164 


.0007397 


.0008630 


.0009863 


.0011096 


.0012329 


9 


10 


.0002740 


.0004110 


.0005479 


.0006849 


.0008219 


.0009589 


.0010959 


. 0012329 


.0013699 


10 


11 


.0003014 


.0004521 


.0006027 


.0007534 


. 0009041 


.0010548 


. 0012055 


.0013562 


.0015068 


11 


13 


.0003288 


.0004932 


. 0006575 


.0008219 


.0009863 


.0011507 


.0013151 


. 0014795 


.0016438 


13 


13 


.0003562 


. 0005342 


.0007123 


. 0008904 


.0010685 


.0012466 


.0014247 


.0016027 


. 0017808 


13 


14 


.0003836 


.0005753 


.0007671 


.0009589 


.0011507 


.0013425 


. 0015342 


.0017260 


.0019178 


14 


15 


.0004110 


.0006164 


.0008219 


.0010274 


.0012329 


. 0014384 


.0016438 


.0018493 


. 0020548 


15 


16 


.0004384 


.0006575 


.0008767 


.0010959 


.0013151 


.0015342 


.0017534 


.0019726 


.0021918 


16 


17 


.0004658 


.0006986 


.0009315 


.0011644 


. 0013973 


.0016301 


.0018630 


. 0020959 


.0023288 


17 


18 


.0004932 


.0007397 


.0009863 


.0012329 


.0014795 


.0017260 


.0019726 


.0022192 


.0024658 


18 


19 


.0005205 


.0007808 


.0010411 


.0013014 


.0015616 


.0018219 


.0020822 


. 0023425 


. 0026027 


19 


30 


.0005479 


.0008219 


.0010959 


.0013899 


.0016438 


.0019178 


.0021918 


.0024658 


.0027397 


30 


31 


.0005753 


.0008630 


.0011507 


.0014384 


.0017260 


.0020137 


.0023014 


.0025890 


.0028767 


31 


33 


.0006027 


.0009041 


. 0012055 


.0015068 


0018082 


. 0021096 


.0024110 


.0027123 


. 0030137 


33 


33 


.0006301 


.0009452 


. 0012603 


. 0015753 


.0018904 


. 0022055 


. 0025205 


.0028356 


.0031507 


33 


34 


.0006575 


.0009863 


.0013151 


.0016438 


.0019726 


.0023014 


.0026301 


.0029589 


.0032877 


34 


35 


.0006849 


. 0010274 


.0013699 


.0017123 


.0020548 


.0023973 


.0027397 


.0030822 


.0034247 


35 


36 


.0007123 


.0010685 


. 0014247 


.0017808 


.0021370 


. 0024932 


.0028493 


. 0032055 


. 0035616 


36 


37 


.0007397 


.0011096 


. 0014795 


.0018493 


.0022192 


.0025890 


.0029589 


.0033288 


.0036986 


37 


38 


. 0007671 


.0011507 


.0015342 


.0019178 


.0023014 


.0026849 


.0030685 


.0034521 


.0038358 


38 


39 


.0007945 


.0011918 


. 0015890 


.0019863 


.0023836 


.0027808 


.0031781 


.0035753 


.0039726 


39 


30 


.0008219 


. 0012329 


. 0016438 


. 0020548 


.0024658 


.0028767 


.0032877 


.0036986 


.0041096 


30 


31 


.0008493 


.0012740 


.0016986 


.0021233 


. 0025479 


.0029726 


.0033973 


. 0038219 


.0042488 


31 


33 


.0008767 


.0013151 


.0017534 


.0021918 


.0026301 


.0030685 


.0035068 


.0039452 


.0043836 


33 


33 


. 0009041 


.0013562 


.0018082 


.0022603 


.0027123 


.0031644 


.0036164 


.0040685 


. 0045205 


33 


34 


.0009315 


.0013973 


.0018630 


.0023288 


. 0027945 


. 0032603 


. 0037260 


.0041918 


.0048575 


34 


35 


.0009589 


.0014384 


.0019178 


.0023973 


.0028767 


.0033562 


.0038356 


.0043151 


.0047945 


35 


1 


1% 


13^% 


3% 


33^% 


3% 


3>^% 


4% 


4M% 


5% 





INTEREST ON ONE DOLLAR 



17 





BASIS: DAYS 365 ^™ ANINLM 




Days 




Days 


51^% 


6% 


63^% 


7% 


73^% 


8% 


81^% 


00/ 
9/0 


93^% 


1 


.0001507 


.0001644 


.0001781 


.0001918 


. 0002055 


.0002192 


.0002329 


.0002466 


.0002603 


1 


2 


. 0003014 


.0003288 


.0003562 


.0003836 


.0004110 


.0004384 


.0004658 


.0004932 


.0005205 


2 


3 


.0004521 


.0004932 


.000534^ 


. 0005753 


.0006164 


.0006575 


.0006986 


.0007397 


.0007808 


3 


4 


.0006027 


.0006575 


.0007123 


.0007671 


.0008219 


.0008767 


.0009315 


.0009863 


.0010411 


4 


5 


.0007534 


.0008219 


.0008904 


.0009589 


.0010274 


.0010959 


.0011644 


.0012329 


.0013014 


5 


6 


.0009041 


.0009863 


.0010685 


.0011507 


.0012329 


.0013151 


.0013973 


.0014795 


.0015616 


6 


7 


.0010548 


.0011507 


.0012466 


.0013425 


.0014384 


.0015342 


.0016301 


.0017260 


.0018219 


7 


8 


.0012055 


.0013151 


.0014247 


. 0015342 


.0016438 


.0017534 


.0018630 


.0019726 


.0020822 


8 


9 


.0013562 


.0014795 


.0016027 


.0017260 


.0018493 


.0019726 


.0020959 


.0022192 


.0023425 


9 


10 


. 0015068 


.0016438 


.0017808 


.0019178 


.0020548 


.0021918 


.0023288 


.0024658 


.0026027 


10 


11 


.0016575 


.0018082 


.0019589 


.0021098 


.0022603 


.0024110 


.0025616 


.0027123 


.0028630 


11 


13 


.0018082 


.0019726 


.0021370 


.0023014 


.0024658 


.0026301 


.0027945 


.0029589 


.0031233 


12 


13 


.0019589 


.0021370 


.0023151 


.0024932 


.0026712 


.0028493 


.0030274 


.0032055 


.0033836 


13 


14 


.0021096 


.0023014 


.0024932 


.0026849 


.0028767 


.0030685 


.0032603 


.0034521 


.0036438 


14 


15 


.0022603 


.0024658 


.0026712 


.0028767 


.0030822 


.0032877 


.0034932 


.0036986 


.0039041 


15 


16 


.0024110 


.0026301 


.0028493 


.0030685 


.0032877 


.0035068 


.0037260 


.0039452 


. 0041644 


16 


17 


.0025616 


. 0027945 


.0030274 


.0032603 


.0034932 


.0037260 


.0039589 


.0041918 


.0044247 


17 


18 


.0027123 


.0029589 


.0032055 


.0034521 


.0036986 


. 0039452 


.0041918 


.0044384 


.0046849 


IS 


19 


.0028630 


.0031233 


.0033836 


.0036438 


.0039041 


.0041644 


.0044247 


.0046849 


.0049452 


19 


20 


.0030137 


.0032877 


.0035616 


.0038356 


.0041096 


.0043836 


.0046575 


.0049315 


.0052055 


20 


21 


.0031644 


.0034521 


.0037397 


.0040274 


.0043151 


.0046027 


.0048904 


.0051781 


.0054658 


21 


22 


.0033151 


.0036164 


.0039178 


.0042192 


.0045205 


.0048219 


.0051233 


.0054247 


. 0057260 


22 


23 


.0034658 


.0037808 


.0040959 


.0044110 


.0047260 


.0050411 


.0053562 


.0056712 


.0059863 


23 


24 


.0036164 


.0039452 


.0042740 


.0046027 


.0049315 


.0052603 


.0055890 


.0059178 


.0062466 


24 


25 


.0037671 


.0041096 


.0044521 


.0047945 


.0051370 


.0054795 


.0058219 


. 0061644 


. 0065068 


25 


26 


.0039178 


.0042740 


.0046301 


.0049863 


.0053425 


.0056986 


.0060548 


.0064110 


.0087671 


26 


27 


.0040685 


.0044384 


.0048082 


.0051781 


.0055479 


.0059178 


.0062877 


. 0066575 


.0070274 


27 


28 


.0042192 


.0046027 


.0049863 


.0053699 


.0057534 


.0061370 


.0065205 


.0069041 


.0072877 


28 


29 


.0043699 


.0047671 


.0051644 


.0055616 


.0059589 


.0063562 


.0067534 


.0071507 


.0075479 


29 


30 


.0045205 


.0049315 


.0053425 


.0057534 


.0061644 


.0065753 


.0069863 


.0073973 


.0078082 


30 


31 


.0046712 


.0050959 


.0055205 


.0059452 


.0063699 


.0087945 


.0072192 


.0076438 


.0080685 


31 


32 


.0048219 


.0052603 


.0056986 


.0061370 


.0065753 


.0070137 


.0074521 


.0078904 


.0083288 


32 


33 


.0049726 


.0054247 


.0058767 


.0063288 


.0067808 


.0072329 


.0076849 


.0081370 


.0085890 


33 


34 


.0051233 


.0055890 


.0060548 


.0065205 


.0069863 


.0074521 


.0079178 


.0083836 


. 0088493 


34 


35 


.0052740 


.0057534 


.0062329 


.0067123 


.0071918 


.0076712 


.0081507 


. 0086301 


.0091096 


35 




5^% 


6% 


6>^% 


7% 


7K% 


8% 


8>^% 


9% 


93^% 





18 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 365 ^^* ANMtM 




Days 




Days 






















1% 


iy2% 


3% 


23^% 


3% 


3^% 


4% 


4>^% 


5% 




36 


.0009863 


.0014795 


.0019726 


.0024658 


.0029589 


.0034521 


.0039452 


.0044384 


.0049315 


36 


37 


.0010137 


.0015205 


.0020274 


.0025342 


.0030411 


.0035479 


.0040548 


.0045616 


.0050685 


37 


38 


.0010411 


.0015616 


.0020822 


.0026027 


.0031233 


.0036438 


.0041644 


.0046849 


.0052055 


38 


39 


.0010685 


.0016027 


.0021370 


.0026712 


.0032055 


.0037397 


.0042740 


.0048082 


.0053425 


39 


40 


.0010959 


.0016438 


.0021918 


.0027397 


.0032877 


.0038356 


.0043836 


.0049315 


.0054795 


40 


41 


.0011233 


.0016849 


.0022466 


.0028082 


.0033699 


.0039315 


.0044932 


.0050548 


.0056164 


41 


4^ 


.0011507 


.0017260 


.0023014 


.0028767 


.0034521 


.0040274 


.0P46027 


.0051781 


.0057534 


43 


43 


.0011781 


. 0017671 


. 0023562 


.0029452 


.0035342 


.0041233 


.0047123 


.0053014 


.0058904 


43 


44 


.0012055 


.0018082 


.0024110 


.0030137 


.0036164 


.0042192 


.0048219 


.0054247 


.0060274 


44 


45 


.0012329 


.0018493 


.0024658 


.0030822 


.0036986 


.0043151 


.0049315 


.0055479 


.0061644 


45 


46 


.0012603 


.0018904 


.0025205 


.0031507 


.0037808 


.0044110 


.0050411 


.0056712 


.0063014 


46 


47 


.0012877 


.0019315 


.0025753 


.0032192 


.0038630 


.0045068 


.0051507 


.0057945 


.0064384 


47 


4S 


.0013151 


.0019726 


.0026301 


.0032877 


.0039452 


.0046027 


.0052603 


.0059178 


.0065753 


4S 


49 


.0013425 


.0020137 


. 0026849 


.0033562 


.0040274 


.0046986 


. 0053699 


.0060411 


.0067123 


49 


50 


.0013699 


.0020548 


.0027397 


.0034247 


.0041096 


.0047945 


.0054795 


.0061644 


.0068493 


50 


51 


.0013973 


.0020959 


.0027945 


.0034932 


.0041918 


.0048904 


.0055890 


.0062877 


.0069863 


51 


52 


.0014247 


. 0021370 


.0028493 


.0035616 


.0042740 


.0049863 


.0056986 


.0064110 


.0071233 


53 


53 


.0014521 


.0021781 


.0029041 


.0036301 


. 0043562 


.0050822 


.0058082 


.0065342 


.0072603 


53 


54 


.0014795 


.0022192 


.0029589 


.0036986 


.0044384 


.0051781 


.0059178 


.0066575 


.0073973 


54 


55 


.0015068 


.0022603 


. 0030137 


.0037671 


.0045205 


.0052740 


.0060274 


.0067808 


.0075342 


55 


56 


.0015342 


.0023014 


.0030685 


.0038356 


.0046027 


.0053699 


.0061370 


.0069041 


.0076712 


56 


57 


.0015616 


.0023425 


.0031233 


.0039041 


.0046849 


.0054658 


.0062466 


.0070274 


.0078082 


57 


58 


.0015890 


.0023836 


.0031781 


.0039726 


.0047671 


.0055616 


.0063562 


.0071507 


.0079452 


58 


59 


.0016164 


.0024247 


. 0032329 


.0040411 


.0048493 


.0056575 


.0064658 


.0072740 


.0080822 


59 


60 


.0016438 


.0024658 


.0032877 


.0041096 


.0049315 


.0057534 


.0065753 


.0073973 


.0082192 


60 


61 


.0016712 


.0025068 


.0033425 


.0041781 


.0050137 


.0058493 


. 0066849 


.0075205 


.0083562 


61 


63 


. 0016986 


.0025479 


.0033973 


.0042466 


.0050959 


.0059452 


.0067945 


.0076438 


.0084932 


63 


63 


.0017260 


.0025890 


.0034521 


. 0043151 


.0051781 


.0060411 


.0069041 


.0077671 


. 0086301 


63 


64 


.0017534 


.0026301 


.0035068 


.0043836 


.0052603 


.0061370 


.0070137 


.0078904 


.0087671 


64 


65 


.0017808 


.0026712 


.0035616 


.0044521 


.0053425 


.0062329 


.0071233 


.0080137 


.0089041 


65 


66 


.0018082 


.0027123 


.0036164 


.0045205 


.0054247 


.0063288 


.0072329 


.0081370 


.0090411 


66 


67 


.0018356 


.0027534 


.0036712 


.0045890 


.0055068 


.0064247 


.0073425 


.0082603 


.0091781 


67 


68 


.0018630 


.0027945 


.0037260 


.0046575 


.0055890 


.0065205 


.0074521 


.0083836 


.0093151 


6S 


69 


. 0018904 


.0028356 


.0037808 


.0047260 


.0056712 


.0066164 


.0075616 


.0085068 


.0094521 


69 


70 


.0019178 


.0028767 


.0038356 


.0047945 


.0057534 


.0067123 


.0076712 


.0086301 


. 0095890 


70 




1% 


I'Afc 


«% 


2>^% 


3% 


33^% 


4% 


4>i% 


5% 





INTEREST ON ONE DOLLAR 



19 





BASIS: DAYS 365 ^™ ANNUM 




Days 




Days 




1 1 








1 




5K% 


6% 


63^% 


7% 


7^% 


8% ' 


8H% 


9% 


9^% 




36 


.0054247 


.0059178 


.0064110 


.0069041 


.0073973 


.0078904 


.0083836 


.0088767 


.0093699 


36 


37 


.0055753 


.0060822 


.0065890 


.0070959 


.0076027 


.0081096 


.0086164 


. 0091233 


.0096301 


37 


38 


.0057260 


.0062466 


.0067671 


.0072877 


.0078082 


.0083288 


.0088493 


.0093699 


.0098904 


3S 


39 


.0058767 


.0064110 


.0069452 


. 0074795 


.0080137 


. 0085479 


.0090822 


.0096164 


.0101507 


39 


40 


.0060274 


.0065753 


.0071233 


.0076712 


.0082192 


.0087671 


.0093151 


.0098630 


.0104110 


40 


41 


.0061781 


.0067397 


.0073014 


.0078630 


.0084247 


.0089863 


.0095479 


.0101096 


.0106712 


41 


43 


.0063288 


.0069041 


.0074795 


.0080548 


.0086301 


.0092055 


.0097808 


.0103562 


.0109315 


43 


43 


.0064795 


.0070685 


.0076575 


.0082466 


. 0088356 


. 0094247 


.0100137 


.0106027 


.0111918 


43 


44 


. 0066301 


.0072329 


.0078356 


.0084384 


.0090411 


.0096438 


.0102466 


.0108493 


.0114521 


44 


45 


.0067808 


.0073973 


.0080137 


.0086301 


.0092466 


.0098630 


.0104795 


.0110959 


.0117123 


45 


46 


.0069315 


. 0075616 


.0081918 


.0088219 


.0094521 


.0100822 


.0107123 


.0113425 


.0119726 


46 


47 


.0070822 


.0077260 


. 0083699 


.0090137 


.0096575 


. 0103014 


.0109452 


.0115890 


. 0122329 


47 


48 


. 0072329 


.0078904 


.0085479 


.0092055 


.0098630 


.0105205 


.0111781 


.0118356 


.0124932 


48 


49 


.0073836 


. 0080548 


.0087260 


.0093973 


.0100685 


.0107397 


.0114110 


.0120822 


. 0127534 


49 


50 


.0075342 


.0082192 


.0089041 


.0095890 


.0102740 


.0109589 


.0116438 


.0123288 


.0130137 


50 


51 


.0076849 


.0083836 


.0090822 


. 0097808 


.0104795 


.0111781 


.0118767 


.0125753 


.0132740 


51 


53 


. 0078356 


.0085479 


.0092603 


.0099726 


.0106849 


.0113973 


.0121096 


.0128219 


.0135342 


53 


53 


.0079863 


.0087123 


.0094384 


.0101644 


.0108904 


.0116164 


. 0123425 


.0130685 


.0137945 


53 


54 


.0081370 


.0088767 


.0096164 


.0103562 


.0110959 


.0118356 


.0125753 


.0133151 


.0140548 


54 


55 


.0082877 


.0090411 


.0097945 


.0105479 


.0113014 


.0120548 


.0128082 


.0135616 


.0143151 


55 


56 


.0084384 


.0092055 


.0099726 


.0107397 


.0115068 


.0122740 


.0130411 


.0138082 


. 0145753 


56 


57 


.0085890 


.0093699 


.0101507 


.0109315 


.0117123 


.0124932 


.0132740 


.0140548 


.0148356 


57 


58 


.0087397 


.0095342 


.0103288 


.0111233 


.0119178 


.0127123 


.0135068 


.0143014 


.0150959 


58 


59 


.0088904 


.0096986 


.0105068 


.0113151 


.0121233 


.0129315 


. 0137397 


.0145479 


.0153562 


59 


60 


.0090411 


.0098630 


.0106849 


.0115088 


.0123288 


.0131507 


.0139726 


.0147945 


.0156164 


60 


61 


.0091918 


.0100274 


.0108630 


.0116986 


.0125342 


.0133699 


.0142055 


.0150411 


.0158767 


61 


63 


.0093425 


.0101918 


.0110411 


.0118904 


.0127397 


.0135890 


.0144384 


.0152877 


.0161370 


(S3 


63 


.0094932 


.0103562 


.0112192 


.0120822 


.0129452 


. 0138082 


.0146712 


.0155342 


. 0163973 


63 


64 


.0096438 


.0105205 


.0113973 


. 0122740 


.0131507 


.0140274 


.0149041 


.0157808 


.0166575 


64 


65 


.0097945 


.0106849 


.0115753 


.0124658 


.0133562 


.0142466 


.0151370 


.0160274 


.0169178 


65 


66 


.0099452 


.0108493 


.0117534 


.0126575 


.0135616 


.0144658 


.0153699 


.0162740 


.0171781 


66 


67 


.0100959 


.0110137 


.0119315 


.0128493 


.0137671 


.0146849 


.0156027 


.0165205 


.0174384 


67 


68 


.0102466 


.0111781 


.0121096 


.0130411 


.0139726 


.0149041 


.0158356 


.0167671 


.0176986 


68 


69 


.0103973 


.0113425 


.0122877 


.0132329 


.0141781 


.0151233 


.0160685 


.0170137 


.0179589 


69 


70 


.0105479 


.0115068 


.0124658 


.0134247 


.0143836 


.0153425 


.0163014 


.0172603 


.0182192 


70 




5^% 


6% 


63^% 


7% 


VA% 


8% 


8^% 


9% 


9>^% 





20 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 365 ^^^ ANNUM 




Days 




Days 






















1% 


iy2% 


3% 


3>^% 


3% 


3M% 


*% 


4>^% 


5% 




71 


.0019452 


.0029178 


.0038904 


.0048630 


.0058356 


.0068082 


.0077808 


.0087534 


.0097260 


71 


73 


.0019726 


.0029589 


.0039452 


.0049315 


.0059178 


.0069041 


.0078904 


.0088767 


.0098630 


73 


73 


.0020000 


.0030000 


.0040000 


.0050000 


.0060000 


.0070000 


.0080000 


.0090000 


.0100000 


73 


^4 


.0020274 


.0030411 


.0040548 


.0050685 


.0060822 


. 0070959 


.0081096 


.0091233 


.0101370 


74 


75 


.0020548 


.0030822 


.0041096 


.0051370 


.0061644 


.0071918 


.0082192 


.0092466 


.0102740 


75 


76 


.0020822 


.0031233 


.0041644 


.0052055 


.0062466 


.0072877 


.0083288 


.0093699 


.0104110 


76 


77 


.0021096 


.0031644 


.0042192 


.0052740 


.0063288 


. 0073836 


.0084384 


.0094932 


.0105479 


77 


78 


.0021370 


.0032055 


.0042740 


.0053425 


.0064110 


.0074795 


.0085479 


.0096164 


.0106849 


78 


79 


.0021644 


.0032466 


. 0043288 


.0054110 


.0064932 


.0075753 


.0086575 


.0097397 


.0108219 


79 


80 


.0021918 


.0032877 


.0043836 


.0054795 


.0065753 


.0076712 


.0087671 


.0098630 


.0109589 


80 


81 


.0022192 


.0033288 


.0044384 


.0055479 


.0066575 


.0077671 


.0088767 


.0099863 


.0110959 


81 


83 


.0022466 


.0033699 


.0044932 


.0056164 


.0067397 


.0078630 


.0089863 


.0101096 


.0112329 


83 


83 


.0022740 


.0034110 


.0045479 


.0056849 


.0068219 


.0079589 


.0090959 


.0102329 


.0113699 


83 


84 


.0023014 


.0034521 


.0046027 


.0057534 


.0069041 


.0080548 


.0092055 


.0103562 


.0115068 


84 


83 


.0023288 


.0034932 


.0046575 


.0058219 


.0069863 


.0081507 


.0093151 


.0104795 


.0116438 


85 


86 


.0023562 


.0035342 


.0047123 


.0058904 


.0070685 


.0082466 


.0094247 


.0106027 


.0117808 


86 


87 


.0023836 


.0035753 


.0047671 


.0059589 


.0071507 


.0083425 


.0095342 


.0107260 


.0119178 


S7 


88 


.0024110 


.0036164 


.0048219 


.0060274 


.0072329 


.0084384 


.0096438 


.0108493 


.0120548 


88 


89 


. 0024384 


.0036575 


.0048767 


.0060959 


.0073151 


.0085342 


.0097534 


.0109726 


.0121918 


89 


90 


.0024658 


. 0036986 


. 0049315 


.0061644 


.0073973 


.0086301 


.0098630 


.0110959 


.0123288 


90 


91 


.0024932 


. 0037397 


. 0049863 


.0062329 


.0074795 


. 0087260 


.0099726 


.0112192 


.0124658 


91 


92 


. 0025205 


.0037808 


.0050411 


.0063014 


.0075616 


.0088219 


.0100822 


.0113425 


.0126027 


93 


93 


. 0025479 


.0038219 


.0050959 


.0063699 


. 0076438 


.0089178 


.0101918 


.0114658 


.0127397 


93 


94 


.0025753 


.0038630 


.0051507 


.0064384 


.0077260 


.0090137 


.0103014 


.0115890 


.0128767 


94 


95 


.0026027 


.0039041 


.0052055 


.0065068 


.0078082 


.0091096 


.0104110 


.0117123 


.0130137 


95 


98 


.0026301 


.0039452 


.0052603 


.0065753 


.0078904 


.0092055 


.0105205 


.0118356 


.0131507 


96 


97 


.0026575 


. 0039863 


.0053151 


.0066438 


. 0079726 


.0093014 


.0106301 


.0119589 


.0132877 


97 


98 


.0026849 


. 0040274 


.0053699 


.0067123 


.0080548 


. 0093973 


.0107397 


.0120822 


. 0134247 


98 


99 


.0027123 


. 0040685 


.0054247 


.0067808 


.0081370 


.0094932 


.0108493 


.0122055 


.0135616 


99 


100 


. 0027397 


. 0041096 


.0054795 


.0068493 


.0082192 


.0095890 


. 0109589 


.0123288 


.0136986 


100 


101 


.0027671 


. 0041507 


. 0055342 


.0069178 


. 0083014 


.0096849 


.0110685 


.0124521 


.0138356 


101 


103 


.0027945 


.0041918 


. 0055890 


.0069863 


.0083836 


.0097808 


.0111781 


.0125753 


.0139726 


103 


103 


.0028219 


.0042329 


.0056438 


.0070548 


.0084658 


.0098767 


.0112877 


.0126986 


.0141096 


103 


104 


.0028493 


.0042740 


.0056986 


.0071233 


. 0085479 


.0099726 


.0113973 


.0128219 


.0142466 


104 


105 


. 0028767 


.0043151 


.0057534 


.0071918 


.0086301 


.0100685 


.0115068 


.0129452 


.0143836 


105 




1% 


1^% 


»% 


2y2% 


3% 


3^% 


4% 


4>^% 


5% 





INTEREST ON ONE DOLLAR 



21 





BASIS: DAYS 365 ^™ ANNUM 




Days 




Days 


1 ■ 1 1 1 








5^% 


6% 


6H% 


7% 


7>^% 


8% - 


83^% 


9% 


9y27o 




71 


.0106986 


.0116712 


.0126438 


.0136164 


.0145890 


.0155616 


.0165342 


.0175068 


.0184795 


71 


n 


.0108493 


.0118356 


.0128219 


.0138082 


.0147945 


.0157808 


.0167671 


.0177534 


.0187397 


73 


73 


.0110000 


.0120000 


.0130000 


.0140000 


.0150000 


.0160000 


.0170000 


.0180000 


.0190000 


73 


74 


.0111507 


.0121644 


.0131781 


.0141918 


.0152055 


.0162192 


.0172329 


.0182466 


.0192603 


74 


75 


.0113014 


.0123288 


.0133562 


.0143836 


.0154110 


.0164384 


.0174658 


.0184932 


.0195205 


75 


76 


.0114521 


.0124932 


.0135342 


.0145753 


.0156164 


.0166575 


.0176986 


.0187397 


.0197808 


76 


77 


.0116027 


.0126575 


.0137123 


.0147671 


.0158219 


. 0168767 


.0179315 


.0189863 


.0200411 


77 


78 


.0117534 


.0128219 


.0138904 


.0149589 


.0160274 


.0170959 


.0181644 


.0192329 


.0203014 


78 


79 


.0119041 


.0129863 


.0140685 


.0151507 


.0162329 


.0173151 


.0183973 


.0194795 


.0205616 


79 


80 


.0120548 


.0131507 


.0142466 


.0153425 


.0164384 


.0175342 


.0186301 


.0197260 


.0208219 


80 


81 


.0122055 


.0133151 


.0144247 


.0155342 


.0166438 


.0177534 


.0188630 


.0199726 


.0210822 


81 


82 


.0^23562 


.0134795 


.0146027 


.0157260 


.0168493 


.0179726 


.0190959 


.0202192 


.0213425 


82 


83 


.0125068 


.0136438 


.0147808 


.0159178 


.0170548 


.0181918 


.0193288 


.0204658 


.0216027 


83 


84 


.0126575 


.0138082 


.0149589 


.0161096 


.0172603 


.0184110 


.0195616 


.0207123 


. 0218630 


84 


85 


.0128082 


.0139726 


.0151370 


.0163014 


.0174658 


.0186301 


.0197945 


.0209589 


.0221233 


85 


86 


.0129589 


.0141370 


.0153151 


.0164932 


.0176712 


.0188493 


.0200274 


.0212055 


.0223836 


86 


87 


.0131096 


.0143014 


.0154932 


.0166849 


.0178767 


.0190685 


.0202603 


.0214521 


.0226438 


87 


88 


.0132603 


.0144658 


.0156712 


.0168767 


.0180822 


.0192877 


.0204932 


.0216986 


.0229041 


88 


89* 


.0134110 


.0146301 


.0158493 


.0170685 


.0182877 


.0195068 


.0207260 


.0219452 


.0231644 


89 


90 


.0135616 


.0147945 


.0160274 


.0172603 


.0184932 


.0197260 


.0209589 


.0221918 


.0234247 


90 


U 


.0137123 


.0149589 


.0162055 


.0174521 


.0186986 


.0199452 


.0211918 


.0224384 


.0236849 


91 


92 


.0138630 


.0151233 


.0163836 


.0176438 


.0189041 


.0201644 


.0214247 


.0226849 


.0239452 


92 


93 


.0140137 


. 0152877 


.0165616 


.0178356 


.0191096 


.0203836 


.0216575 


.0229315 


.0242055 


93 


94 


.0141644 


.0154521 


.0167397 


.0180274 


.0193151 


.0206027 


.0218904 


.0231781 


.0244658 


94 


95 


.0143151 


.0156164 


.0169178 


.0182192 


.0195205 


.0208219 


.0221233 


.0234247 


.0247260 


95 


96 


.0144658 


.0157808 


.0170959 


.0184110 


.0197260 


.0210411 


.0223562 


.0236712 


.0249863 


96 


97 


.0146164 


.0159452 


.0172740 


.0186027 


.0199315 


.0212603 


.0225890 


.0239178 


.0252466 


97 


98 


.0147671 


.0161096 


.0174521 


.0187945 


.0201370 


.0214795 


.0228219 


.0241644 


.0255068 


98 


99 


.0149178 


.0162740 


.0176301 


.0189863 


.0203425 


.0216986 


.0230548 


.0244110 


.0257671 


99 


100 


.0150685 


.0164384 


.0178082 


.0191781 


.0205479 


.0219178 


.0232877 


.0246575 


.0260274 


100 


101 


.0152192 


.0166027 


.0179863 


.0193699 


.0207534 


.0221370 


.0235205 


.0249041 


.0262877 


101 


102 


.0153699 


.0167671 


.0181644 


.0195616 


.0209589 


.0223562 


.0237534 


.0251507 


.0265479 


102 


103 


.0155205 


.0169315 


.0183425 


.0197534 


.0211644 


.0225753 


.0239863 


.0253973 


.0268082 


103 


104 


.0156712 


.0170959 


.0185205 


.0199452 


.0213699 


.0227945 


.0242192 


.0256438 


.0270685 


104 


105 


.0158219 


. 0172603 


.0186986 


.0201370 


.0215753 


.0230137 


.0244521 


.0258904 


.0273288 


105 




5^% 


6% 


6^% 


7% 


73^% 


8% 


83^% 


9% 


9H% 





22 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 365 ^^^ ANNUM 




Days 




Days 


1% 


1K% 


2% 


W27o 


3% 


•33^% 


4% 


4K% 


5% 


106 


.0029041 


.0043562 


.0058082 


.0072603 


.0087123 


.0101644 


.0116164 


.0130685 


.0145205 


106 


107 


.0029315 


.0043973 


.0058630 


.0073288 


.0087945 


.0102603 


.0117260 


.0131918 


.0146575 


107 


108 


.0029589 


.0044384 


.0059178 


.0073973 


.0088767 


.0103562 


.0118356 


.0133151 


. 0147945 


108 


109 


.0029863 


.0044795 


.0059726 


.0074658 


.0089589 


. 0104521 


.0119452 


.0134384 


.0149315 


109 


110 


.0030137 


.0045205 


.0060274 


.0075342 


.0090411 


.0105479 


.0120548 


.0135616 


.0150685 


110 


111 


.0030411 


.0045616 


.0060822 


.0076027 


.0091233 


.0106438 


.0121644 


.0136849 


.0152055 


111 


113 


.0030685 


.0046027 


.0061370 


.0076712 


.0092055 


.0107397 


. 0122740 


. 0138082 


.0153425 


113 


113 


.0030959 


.0046438 


.0061918 


.0077397 


.0092877 


.0108356 


.0123836 


.0139315 


.0154795 


113 


114 


.0031233 


.0046849 


.0062466 


.0078082 


.0093699 


.0109315 


. 0124932 


.0140548 


.0156164 


114 


115 


.0031507 


.0047260 


.0063014 


.0078767 


. 0094521 


.0110274 


.0126027 


.0141781 


.0157534 


115 


116 


.0031781 


. 0047671 


.0063562 


. 0079452 


.0095342 


.0111233 


.0127123 


.0143014 


. 0158904 


116 


117 


.0032055 


.0048082 


.0064110 


.0080137 


.0096164 


.0112192 


.0128219 


.0144247 


. 0160274 


117 


118 


. 0032329 


.0048493 


. 0064658 


.0080822 


.0096986 


.0113151 


.0129315 


. 0145479 


. 0161644 


118 


119 


.0032603 


. 0048904 


.0065205 


.0081507 


.0097808 


.0114110 


.0130411 


.0146712 


. 0163014 


119 


120 


.0032877 


.0049315 


.0065753 


.0082192 


.0098630 


.0115068 


.0131507 


.0147945 


. 0164384 


130 


131 


.0033151 


.0049726 


.0066301 


.0082877 


.0099452 


.0116027 


.0132603 


.0149178 


.0165753 


131 


122 


. 0033425 


. 0050137 


. 0066849 


. 0083562 


. 0100274 


.0116986 


. 0133699 


.0150411 


.0167123 


133 


133 


.0033699 


.0050548 


.0067397 


.0084247 


.0101096 


.0117945 


.0134795 


.0151644 


.0168493 


133 


134 


.0033973 


.0050959 


.0067945 


.0084932 


.0101918 


.0118904 


.0135890 


.0152877 


.0169863 


134 


135 


.0034247 


.0051370 


. 0068493 


.0085616 


. 0102740 


.0119863 


.0136986 


.0154110 


.0171233 


135 


136 


. 0034521 


.0051781 


.0069041 


. 0086301 


. 0103562 


. 0120822 


.0138082 


.0155342 


,0172603 


136 


137 


.0034795 


.0052192 


.0069589 


.0086986 


.0104384 


.0121781 


.0139178 


.0156575 


.0173973 


137 


138 


.0035068 


.0052603 


.0070137 


.0087671 


. 0105205 


. 0122740 


. 0140274 


.0157808 


.0175342 


138 


139 


.0035342 


.0053014 


.0070685 


.0088356 


.0106027 


.0123699 


.0141370 


. 0159041 


.0176712 


139 


130 


.0035616 


.0053425 


.0071233 


.0089041 


.0106849 


.0124658 


.0142466 


.0160274 


.0178082 


130 


131 


.0035890 


.0053836 


.0071781 


.0089726 


.0107671 


.0125616 


.0143562 


.0161507 


,0179452 


131 


133 


.0036164 


.0054247 


.0072329 


.0090411 


. 0108493 


. 0126575 


. 0144658 


. 0162740 


. 0180822 


133 


133 


.0036438 


. 0054658 


. 0072877 


.0091096 


.0109315 


. 0127534 


.0145753 


.0163973 


.0182192 


133 


134 


.0036712 


.0055068 


.0073425 


.0091781 


.0110137 


.0128493 


.0146849 


.0165205 


.0183562 


134 


135 


.0036986 


.0055479 


.0073973 


.0092466 


.0110959 


. 0129452 


.0147945 


.0166438 


. 0184932 


135 


136 


.0037260 


. 0055890 


.0074521 


.0093151 


.0111781 


.0130411 


.0149041 


.0167671 


.0186301 


136 


137 


.0037534 


.0056301 


.0075068 


.0093836 


.0112603 


.0131370 


.0150137 


.0168904 


.0187671 


137 


138 


.0037808 


.0056712 


.0075616 


.0094521 


.0113425 


.0132329 


.0151233 


.0170137 


.0189041 


138 


139 


.0038082 


.0057123 


.0076164 


.0095205 


.0114247 


.0133288 


.0152329 


.0171370 


.0190411 


139 


140 


. 0038356 


.0057534 


.0076712 


.0095890 


.0115068 


. 0134247 


.0153425 


.0172603 


.0191781 


140 






1>^% 


27o 


3K% 


3% 


3)^% 


4% 


^V2% 


5% 





INTEREST ON ONE DOLLAR 



23 









BASIS: 


DAYS 365 ^™ 


ANINUM 






Days 


1 


Days 


1 


.,..1,1 




5>i% 


6% 


6H% 


7% 


V/27o 


8% 


8^% 


9% 


9M% 




106 


.0159726 


.0174247 


.0188767 


.0203288 


.0217808 


.0232329 


.0246849 


.0261370 


.0275890 


106 


107 


.0161233 


.0175890 


.0190548 


.0205205 


.0219863 


.0234521 


.0249178 


.0263836 


.0278493 


107 


108 


.0162740 


.0177534 


.0192329 


.0207123 


.0221918 


.0236712 


.0251507 


.0266301 


.0281096 


108 


109 


.0164247 


.0179178 


.0194110 


.0209041 


.0223973 


.0238904 


.0253836 


.0268767 


.0283699 


109 


110 


.0165753 


.0180822 


.0195890 


.0210959 


.0226027 


.0241096 


.0256164 


.0271233 


.0286301 


110 


ill 


.0167260 


.0182466 


.0197671 


.0212877 


.0228082 


.0243288 


.0258493 


.0273699 


.0288904 


111 


113 


.0168767 


.0184110 


. 0199452 


.0214795 


.0230137 


.0245479 


. 0260822 


.0276164 


.0291507 


113 


113 


.0170274 


.0185753 


.0201233 


.0216712 


.0232192 


.0247671 


.0263151 


.0278630 


.0294110 


113 


114 


.0171781 


.0187397 


.0203014 


.0218630 


.0234247 


.0249863 


.0265479 


.0281096 


.0296712 


114 


115 


.0173288 


. 0189041 


.0204795 


.0220548 


.0236301 


.0252055 


.0267808 


.0283562 


.0299315 


115 


116 


.0174795 


.0190685 


.0206575 


.0222466 


.0238356 


.0254247 


.0270137 


.0286027 


.0301918 


116 


117 


.0176301 


.0192329 


.0208356 


.0224384 


.0240411 


.0256438 


.0272466 


.0288493 


.0304521 


117 


118 


.0177808 


.0193973 


.0210137 


.0226301 


.0242466 


.0258630 


.0274795 


.0290959 


.0307123 


118 


119 


.0179315 


.0195616 


.0211918 


.0228219 


.0244521 


.0260822 


.0277123 


.0293425 


.0309726 


119 


130 


.0180822 


.0197260 


. 0213699 


.0230137 


.0246575 


.0263014 


.0279452 


.0295890 


.0312329 


130 


131 


.0182329 


. 0198904 


. 0215479 


.0232055 


.0248630 


.0265205 


.0281781 


.0298356 


.0314932 


131 


133 


.0183836 


.0200548 


.0217260 


.0233973 


.0250685 


.0267397 


.0284110 


.0300822 


.0317534 


133 


133 


. 0185342 


.0202192 


.0219041 


.0235890 


.0252740 


.0269589 


. 0286438 


. 0303288 


.0320137 


133 


134 


.0186849 


.0203836 


.0220822 


.0237808 


.0254795 


.0271781 


.0288767 


.0305753 


.0322740 


134 


135 


.0188356 


.0205479 


.0222603 


.0239726 


.0256849 


.0273973 


.0291096 


.0308219 


.0325342 


135 


136 


.0189863 


.0207123 


.0224384 


.0241644 


.0258904 


.0276164 


.0293425 


.0310685 


.0327945 


136 


137 


.0191370 


.0208767 


.0226164 


.0243562 


.0260959 


.0278356 


.0295753 


.0313151 


.0330548 


137 


138 


.0192877 


.0210411 


.0227945 


.0245479 


.0263014 


. 0280548 


.0298082 


.0315616 


.0333151 


138 


139 


.0194384 


.0212055 


.0229726 


.0247397 


.0265068 


.0282740 


.0300411 


.0318082 


.0335753 


139 


130 


.0195890 


.0213699 


.0231507 


.0249315 


.0267123 


.0284932 


.0302740 


.0320548 


.0338356 


130 


131 


.0197397 


.0215342 


.0233288 


.0251233 


.0269178 


.0287123 


.0305068 


.0323014 


.0340959 


131 


133 


.0198904 


.0216986 


.0235068 


.0253151 


.0271233 


. 0289315 


.0307397 


.0325479 


.0343562 


133 


133 


.0200411 


.0218630 


.0236849 


.0255068 


.0273288 


.0291507 


.0309726 


.0327945 


.0346164 


133 


134 


.0201918 


.0220274 


.0238630 


.0256986 


.0275342 


.0293699 


.0312055 


.0330411 


.0348767 


134 


135 


.0203425 


.0221918 


.0240411 


.0258904 


.0277397 


.0295890 


.0314384 


.0332877 


.0351370 


135 


136 


.0204932 


.0223562 


.0242192 


.0260822 


.0279452 


.0298082 


.0316712 


.0335342 


.0353973 


136 


137 


.0206438 


.0225205 


.0243973 


.0262740 


. 0281507 


.0300274 


.0319041 


.0337808 


.0356575 


137 


138 


.0207945 


.0226849 


.0245753 


.0264658 


.0283562 


.0302466 


.0321370 


.0340274 


.0359178 


138 


139 


.0209452 


.0228493 


.0247534 


.0266575 


.0285616 


.0304658 


.0323699 


.0342740 


.0361781 


139 


140 


.0210959 


.0230137 


.0249315 


.0268493 


.0287671 


.0306849 


.0326027 


.0345205 


.0364384 


140 




5^% 


6% 


6>^% 


7% 


73^% 


8% 


83^% 


9% 


9H% 





24 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 365 ^^* ANNUM 




Days 




Days 


1 


1 1 1 


1 




1% 


1>^% 


3% 


3^% 


3% 


3H% 


4% 


4K% 


5% 




141 


.0038630 


.0057945 


.0077260 


. 0096575 


.0115890 


.0135205 


.0154521 


.0173838 


.0193151 


141 


U2 


.0038904 


.0058356 


.0077808 


.0097260 


.0118712 


.0138164 


.0155616 


.0175068 


.0194521 


143 


143 


.0039178 


.0058767 


.0078356 


.0097945 


.0117534 


.0137123 


.0156712 


.0176301 


.0195890 


143 


144 


.0039452 


.0059178 


.0078904 


. 0098630 


.0118356 


.0138082 


.0157808 


.0177534 


.0197260 


144 


145 


.0039726 


.0059589 


.0079452 


.0099315 


.0119178 


.0139041 


.0158904 


.0178767 


.0198630 


145 


14C 


.0040000 


.0060000 


.0080000 


.0100000 


.0120000 


.0140000 


.0180000 


.0180000 


.0200000 


146 


147 


.0040274 


.0060411 


. 0080548 


.0100685 


. 0120822 


. 0140959 


.0161096 


.0181233 


.0201370 


147 


148 


.0040548 


.0060822 


.0081096 


.0101370 


.0121644 


.0141918 


.0162192 


.0182488 


. 0202740 


148 


149 


.0040822 


.0061233 


.0081644 .0102055 


.0122488 


. 0142877 


.0183288 


.0183699 


.0204110 


149 


150 


.0041096 


.0061644 


. 0082192 


.0102740 


.0123288 


.0143838 


.0184384 


.0184932 


.0205479 


150 


151 


.0041370 


.0062055 


. 0082740 


. 0103425 


.0124110 


.0144795 


.0165479 


.0186164 


.0206849 


151 


153 


.0041644 


.0062466 


.0083288 


.0104110 


.0124932 


.0145753 


. 0186575 


. 0187397 


.0208219 


153 


153 


.0041918 


.0062877 


. 0083836 


.0104795 


.0125753 


.0148712 


.0167871 


.0188630 


.0209589 


153 


154 


.0042192 


.0083288 


.0084384 


. 0105479 


.0128575 


.0147871 


.0188787 


.0189883 


.0210959 


154 


155 


.0042466 


.0063699 


.0084932 


.0106164 


.0127397 


.0148830 


. 0189863 


.0191098 


. 0212329 


155 


156 


.0042740 


. 0084110 


.0085479 


.0108849 


.0128219 


. 0149589 


. 0170959 


. 0192329 


. 0213899 


156 


157 


.0043014 


. 0064521 


. 0086027 


.0107534 


.0129041 


. 0150548 


.0172055 


.0193582 


.0215068 


157 


158 


.0043288 


.0064932 


.0086575 


.0108219 


.0129863 


.0151507 


.0173151 


.0194795 


.0216438 


158 


159 


.0043562 


. 0065342 


.0087123 


.0108904 


.0130885 


.0152486 


. 0174247 


.0198027 


. 0217808 


159 


160 


.0043836 


.0065753 


.0087671 


.0109589 


.0131507 


.0153425 


.0175342 


.0197260 


.0219178 


160 


161 


.0044110 


.0066164 


.0088219 


.0110274 


.0132329 


.0154384 


.0176438 


.0198493 


.0220548 


161 


163 


.0044384 


.0066575 


.0088767 


.0110959 


.0133151 


.0155342 


.0177534 


.0199726 


.0221918 


163 


163 


.0044658 


.0066986 


.0089315 


.0111844 


.0133973 


.0158301 


.0178830 


.0200959 


.0223288 


163 


164 


.0044932 


.0067397 


.0089883 


.0112329 


. 0134795 


.0157280 


. 0179726 


. 0202192 


. 0224658 


164 


165 


.0045205 


.0067808 


.0090411 


.0113014 


.0135618 


.0158219 


.0180822 


.0203425 


.0226027 


165 


166 


.0045479 


.0068219 


.0090959 


.0113699 


.0138438 


.0159178 


.0181918 


.0204658 


.0227397 


166 


167 


.0045753 


.0088630 


.0091507 


.0114384 


.0137260 


.0180137 


.0183014 


.0205890 


.0228787 


167 


168 


.0046027 


.0069041 


.0092055 


.0115068 


.0138082 


.0161096 


.0184110 


.0207123 


.0230137 


168 


169 


.0046301 


.0069452 


.0092603 


.0115753 


.0138904 


.0162055 


. 0185205 


.0208356 


.0231507 


169 


170 


.0046575 


.0069863 


.0093151 


.0116438 


.0139728 


.0163014 


. 0188301 


.0209589 


. 0232877 


170 


171 


.0046849 


.0070274 


.0093899 


.0117123 


. 0140548 


.0183973 


.0187397 


.0210822 


.0234247 


171 


173 


.0047123 


.0070685 


.0094247 


.0117808 


.0141370 


. 0184932 


. 0188493 


. 0212055 


. 0235618 


173 


173 


.0047397 


.0071096 


.0094795 


.0118493 


.0142192 


.0165890 


.0189589 


.0213288 


.0236986 


173 


174 


.0047671 


.0071507 


.0095342 


.0119178 


.0143014 


.0168849 


.0190685 


.0214521 


.0238356 


174 


175 


.0047945 


.0071918 


.0095890 


.0119863 


.0143836 


.0187808 


.0191781 


.0215753 


.0239726 


175 




1% 


1^% 


2% 


33^% 


3% 


3>i% 


4% 


4K% 


5% 





INTEREST ON ONE DOLLAR 



25 





BASIS: DAYS 365 ^** ANNUM 




Days 




Days 


1 1 1 1 I.I 1 1 




5>^% 


6% 


6>^% 


7% 


iy2% 


8% 


8^% 


9% 


93^% 




141 


.0212466 


.0231781 


.0251096 


.0270411 


.0289726 


.0309041 


.0328356 


.0347671 


.0366986 


141 


U2 


.0213973 


.0233425 


.0252877 


.0272329 


.0291781 


.0311233 


.0330685 


.0350137 


.0369589 


142 


143 


. 0215479 


.0235068 


.0254658 


.0274247 


.0293836 


.0313425 


.0333014 


.0352603 


. 0372192 


143 


144 


.0216986 


.0236712 


.0256438 


.0276164 


.0295890 


.0315616 


.0335342 


.0355068 


.0374795 


144 


145 


.0218493 


.0238356 


.0258219 


.0278082 


.0297945 


.0317808 


.0337671 


.0357534 


.0377397 


145 


146 


.0220000 


.0240000 


.0260000 


.0280000 


.0300000 


.0320000 


.0340000 


.0360000 


.0380000 


146 


147 


.0221507 


.0241644 


.0261781 


.0281918 


.0302055 


.0322192 


.0342329 


.0362466 


.0382603 


147 


148 


.0223014 


.0243288 


.0263562 


.0283836 


.0304110 


.0324384 


.0344658 


.0364932 


.0385205 


148 


149 


. 0224521 


. 0244932 


.0265342 


.0285753 


.0306164 


.0326575 


.0346986 


.0367397 


.0387808 


149 


150 


.0226027 


.0246575 


.0267123 


.0287671 


.0308219 


.0328767 


.0349315 


.0369863 


.0390411 


150 


151 


.0227534 


.0248219 


.0268904 


.0289589 


.0310274 


.0330959 


.0351644 


.0372329 


.0393014 


151 


152 


.0229041 


.0249863 


.0270685 


.0291507 


.0312329 


.0333151 


.0353973 


.0374795 


.0395616 


152 


153 


.0230548 


.0251507 


.0272466 


.0293425 


.0314384 


.0335342 


.0356301 


.0377260 


.0398219 


153 


154 


.0232055 


.0253151 


.0274247 


. 0295342 


.0316438 


.0337534 


.0358630 


.0379726 


.0400822 


154 


155 


.0233562 


.0254795 


.0276027 


.0297260 


.0318493 


.0339726 


.0360959 


.0382192 


.0403425 


155 


156 


.0235068 


.0256438 


.0277808 


.0299178 


.0320548 


.0341918 


.0363288 


.0384658 


.0406027 


156 


157 


. 0236575 


.0258082 


.0279589 


.0301096 


.0322603 


.0344110 


.0365616 


.0387123 


.0408630 


157 


158 


.0238085 


.0259726 


.0281370 


.0303014 


. 0324658 


. 0346301 


. 0367945 


. 0389589 


.0411233 


158 


159 


.0239589 


.0261370 


.0283151 


.0304932 


.0326712 


.0348493 


.0370274 


.0392055 


.0413836 


159 


160 


.0241096 


.0263014 


.0284932 


.0306849 


.0328767 


.0350685 


.0372603 


.0394521 


.0416438 


160 


161 


.0242603 


.0264658 


.0286712 


.0308767 


.0330822 


.0352877 


.0374932 


.0396986 


.0419041 


161 


163 


.0244110 


.0266301 


.0288493 


.0310685 


.0332877 


.0355068 


.0377260 


.03S9452 


.0421644 


162 


163 


.0245616 


.0267945 


.0290274 


.0312603 


.0334932 


.0357260 


.0379589 


.0401918 


.0424247 


163 


164 


.0247123 


.0269589 


.0292055 


.0314521 


.0336986 


.0359452 


.0381918 


.0404384 


.0426849 


164 


165 


.0248630 


.0271233 


.0293836 


.0316438 


.0339041 


.0361644 


.0384247 


.0406849 


.0429452 


165 


166 


.0250137 


.0272877 


.0295616 


.0318356 


.0341096 


.0363836 


.0386575 


.0409315 


.0432055 


166 


167 


.0251644 


.0274521 


.0297397 


.0320274 


.0343151 


.0366027 


.0388904 


.0411781 


.0434658 


167 


168 


.0253151 


.0276164 


.0299178 


.0322192 


.0345205 


.0368219 


.0391233 


.0414247 


.0437260 


168 


169 


.0254658 


.0277808 


.0300959 


.0324110 


.0347260 


.0370411 


.0393562 


.0416712 


.0439863 


169 


170 


.0256164 


.0279452 


.0302740 


.0326027 


.0349315 


.0372603 


.0395890 


.0419178 


.0442466 


170 


171 


.0257671 


.0281096 


.0304521 


.0327945 


.0351370 


.0374795 


.0398219 


.0421644 


. 0445068 


171 


172 


.0259178 


.0282740 


.0306301 


.0329863 


.0353425 


.0376986 


.0400548 


.0424110 


.0447671 


172 


173 


.0260685 


.0284384 


.0308082 


.0331781 


.0355479 


.0379178 


.0402877 


.0426575 


.0450274 


173 


174 


.0262192 


.0286027 


.0309863 


.0333699 


. 0357534 


.0381370 


.0405205 


.0429041 


.0452877 


174 


175 


.0263699 


.0287671 


.0311644 


.0335616 


.0359589 


.0383562 


.0407534 


.0431507 


.0455479 


175 




5^% 


6% 


63^% 


7% 


7^% 


8% 


8^% 


9% 


9y2% 





26 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 365 ^** ANNUM 




Days 




Days 




, , 












1% 


13^% 


»% 


3^% 


3% 


3^% 


4% 


4^% 


5% 




176 


.0048219 


.0072329 


.0096438 


.0120548 


.0144658 


.0168767 


.0192877 


.0216986 


.0241096 


176 


177 


.0048493 


. 0072740 


.0096986 


.0121233 


.0145479 


.0169726 


.0193973 


. 0218219 


.0242466 


177 


178 


.0048767 


.0073151 


.0097534 


.0121918 


.0146301 


.0170685 


.0195068 


.0219452 


.0243836 


178 


179 


.0049041 


.0073562 


.0098082 


. 0122603 


. 0147123 


.0171644 


.0196164 


.0220685 


.0245205 


179 


180 


.0049315 


.0073973 


.0098630 


.0123288 


.0147945 


.0172603 


.0197260 


.0221918 


.0246575 


180 


181 


.0049589 


.0074384 


.0099178 


.0123973 


.0148767 


.0173562 


.0198356 


.0223151 


.0247945 


181 


183 


.0049863 


.0074795 


.0099726 


. 0124658 


.0149589 


.0174521 


.0199452 


.0224384 


.0249315 


183 


183 


.0050137 


.0075205 


.0100274 


.0125342 


.0150411 


.0175479 


. 0200548 


.0225616 


.0250685 


183 


184 


.0050411 


.0075616 


.0100822 


.0126027 


.0151233 


.0176438 


.0201644 


.0226849 


.0252055 


184 


185 


. 0050685 


.0076027 


.0101370 


.0126712 


.0152055 


.0177397 


.0202740 


.0228082 


.0253425 


185 


186 


.0050959 


.0076438 


.0101918 


.0127397 


. 0152877 


.0178356 


.0203836 


.0229315 


.0254795 


186 


187 


.0051233 


.0076849 


.0102466 


.0128082 


.0153699 


.0179315 


.0204932 


.0230548 


. 0256164 


187 


188 


.0051507 


.0077260 


.0103014 


.0128767 


.0154521 


.0180274 


.0206027 


.0231781 


.0257534 


188 


189 


.0051781 


.0077671 


.0103562 


.0129452 


.0155342 


.0181233 


. 0207123 


.0233014 


.0258904 


189 


190 


.0052055 


.0078082 


.0104110 


.0130137 


.0156164 


.0182192 


.0208219 


.0234247 


.0260274 


190 


191 


.0052329 


.0078493 


.0104658 


.0130822 


.0156986 


.0183151 


.0209315 


.0235479 


.0261644 


191 


192 


.0052603 


. 0078904 


.0105205 


.0131507 


. 0157808 


.0184110 


.0210411 


.0236712 


.0263014 


193 


193 


.0052877 


.0079315 


.0105753 


.0132192 


.0158630 


.0185068 


.0211507 


.0237945 


.0264384 


193 


194 


.0053151 


.0079726 


.0106301 


.0132877 


.0159452 


.0186027 


. 0212603 


.0239178 


.0265753 


194 


195 


.0053425 


.0080137 


.0106849 


.0133562 


. 0160274 


.0186986 


.0213699 


.0240411 


. 0267123 


195 


196 


.0053699 


.0080548 


.0107397 


.0134247 


.0161096 


.0187945 


.0214795 


.0241644 


.0268493 


196 


197 


.0053973 


.0080959 


.0107945 


.0134932 


.0161918 


.0188904 


.0215890 


. 0242877 


.0269863 


197 


198 


.0054247 


.0081370 


.0108493 


.0135616 


.0162740 


.0189863 


.0216986 


.0244110 


.0271233 


198 


199 


.0054521 


.0081781 


.0109041 


.0136301 


. 0163562 


.0190822 


.0218082 


.0245342 


.0272603 


199 


300 


.0054795 


.0082192 


.0109589 


.0136986 


.0164384 


.0191781 


.0219178 


.0246575 


.0273973 


300 


301 


.0055068 


.0082603 


.0110137 


.0137671 


.0165205 


.0192740 


.0220274 


.0247808 


.0275342 


301 


303 


.0055342 


.0083014 


.0110685 


.0138356 


.0166027 


.0193699 


.0221370 


.0249041 


.0276712 


303 


303 


.0055616 


.0083425 


.0111233 


. 0139041 


.0166849 


.0194658 


.0222466 


.0250274 


.0278082 


303 


304 


.0055890 


.0083836 


.0111781 


.0139726 


.0167671 


.0195616 


.0223562 


.0251507 


.0279452 


304 


305 


.0056164 


.0084247 


.0112329 


.0140411 


.0168493 


.0196575 


.0224658 


.0252740 


.0280822 


305 


306 


.0056438 


.0084658 


.0112877 


.0141096 


.0169315 


.0197534 


.0225753 


.0253973 


. 0282192 


306 


307 


.0056712 


.0085068 


.0113425 


.0141781 


.0170137 


.0198493 


.0226849 


.0255205 


.0283562 


307 


308 


.0056986 


.0085479 


.0113973 


.0142466 


.0170959 


.0199452 


.0227945 


.0256438 


.0284932 


308 


309 


.0057260 


.0085890 


.0114521 


.0143151 


.0171781 


.0200411 


.0229041 


.0257671 


.0286301 


309 


310 


.0057534 


.0086301 


.0115068 


.0143836 


.0172603 


.0201370 


.0230137 


.0258904 


.0287671 


310 




1% 


iy2% 


3% 


3>^% 


3% 


3M% 


4% 


-43^% 


5% 





INTEREST ON ONE DOLLAR 



27 





BASIS: DAYS 365 ^^* ANNUM 




Days 


, 


Days 


1 






1 








5^% 


6% 


6K% 


7% 


73^% 


8% 


8K% 


9% 


9^% 




176 


.0265205 


.0289315 


.0313425 


.0337534 


.0361644 


.0385753 


.0409863 


.0433973 


.0458082 


176 


177 


.0266712 


.0290959 


.0315205 


.0339452 


.0363699 


.0387945 


.0412192 


.0436438 


.0460685 


177 


178 


.0268219 


.0292603 


.0316986 


.0341370 


.0365753 


.0390137 


.0414521 


.0438904 


.0463288 


178 


179 


.0269726 


.0294247 


. 0318767 


.0343288 


.0367808 


.0392329 


.0416849 


.0441370 


.0465890 


179 


180 


.0271233 


.0295890 


.0320548 


.0345205 


.0369863 


.0394521 


.0419178 


.0443836 


.0468493 


180 


181 


.0272740 


.0297534 


.0322329 


.0347123 


.0371918 


.0396712 


.0421507 


.0446301 


.0471096 


181 


183 


.0274247 


.0299178 


.0324110 


.0349041 


.0373973 


.0398904 


.0423836 


.0448767 


.0473699 


183 


183 


.0275753 


.0300822 


.0325890 


.0350959 


.0376027 


.0401096 


.0426164 


.0451233 


.0476301 


183 


184 


.0277260 


.0302466 


.0327671 


.0352877 


.0378082 


.0403288 


.0428493 


.0453699 


.0478904 


184 


185 


.0278767 


.0304110 


.0329452 


.0354795 


.0380137 


.0405479 


.0430822 


.0456164 


.0481507 


185 


186 


.0280274 


.0305753 


.0331233 


.0356712 


.0382192 


.0407671 


.0433151 


.0458630 


.0484110 


186 


187 


.0281781 


.0307397 


.0333014 


.0358630 


.0384247 


.0409863 


.0435479 


.0461096 


.0486712 


187 


188 


.0283288 


.0309041 


.0334795 


.0360548 


.0386301 


.0412055 


.0437808 


.0463562 


.0489315 


188 


189 


.0284795 


.0310685 


.0336575 


.0362466 


.0388356 


.0414247 


.0440137 


.0466027 


.0491918 


189 


190 


.0286301 


.0312329 


.0338356 


.0364384 


.0390411 


.0416438 


.0442466 


.0468493 


.0494521 


190 


191 


.0287808 


.0313973 


.0340137 


.0366301 


.0392466 


.0418630 


.0444795 


.0470959 


.0497123 


191 


193 


.0289315 


.0315616 


.0341918 


.0368219 


.0394521 


.0420822 


.0447123 


.0473425 


.0499726 


193 


193 


.0290822 


.0317260 


.0343699 


.0370137 


.0396575 


.0423014 


.0449452 


. 0475890 


.0502329 


193 


194 


.0292329 


.0318904 


.0345479 


. 0372055 


.0398630 


.0425205 


.0451781 


.0478356 


.0504932 


194 


195 


.0293836 


.0320548 


.0347260 


.0373973 


.0400685 


.0427397 


.0454110 


.0480822 


.0507534 


195 


196 


.0295342 


.0322192 


.0349041 


.0375890 


.0402740 


.0429589 


.0456438 


.0483288 


.0510137 


196 


197 


.0296849 


.0323836 


.0350822 


.0377808 


.0404795 


.0431781 


.0458767 


.0485753 


. 0512740 


197 


198 


.0298356 


.0325479 


.0352603 


.0379726 


.0406849 


.0433973 


.0461096 


.0488219 


.0515342 


198 


199 


.0299863 


.0327123 


.0354384 


.0381644 


.0408904 


.0436164 


.0463425 


.0490685 


.0517945 


199 


300 


.0301370 


.0328767 


.0356164 


.0383562 


.0410959 


.0438356 


.0465753 


.0493151 


.0520548 


300 


301 


.0302877 


.0330411 


.0357945 


.0385479 


.0413014 


.0440548 


.0468082 


.0495616 


.0523151 


301 


303 


.0304384 


.0332055 


.0359726 


.0387397 


.0415068 


.0442740 


.0470411 


.0498082 


.0525753 


303 


303 


.0305890 


.0333699 


.0361507 


.0389315 


.0417123 


.0444932 


.0472740 


.0500548 


.0528356 


303 


304 


.0307397 


.0335342 


.0363288 


.0391233 


.0419178 


.0447123 


.0475068 


.0503014 


.0530959 


304 


305 


.0308904 


.0336986 


.0365068 


.0393151 


.0421233 


.0449315 


.0477397 


.0505479 


.0533562 


305 


306 


.0310411 


.0338630 


.0366849 


.0395068 


.0423288 


.0451507 


.0479726 


.0507945 


.0536164 


306 


307 


.0311918 


.0340274 


.0368630 


.0396986 


.0425342 


.0453699 


.0482055 


.0510411 


.0538767 


307 


308 


.0313425 


.0341918 


.0370411 


.0398904 


.0427397 


.0455890 


.0484384 


.0512877 


.0541370 


308 


309 


.0314932 


.0343562 


.0372192 


.0400822 


.0429452 


.0458082 


.0486712 


.0515342 


.0543973 


309 


310 


.0316438 


.0345205 


.0373973 


.0402740 


.0431507 


.0460274 


.0489041 


.0517808 


.0546575 


310 




53^% 


6% 


63^% 


7% 


7^% 


8% 


83^% 


9% 


9^% 





28 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 365 ^*^ ANNUM 




Days 


■ 


Days 












1 






1% 


1^% 


3% 


3^% 


3% 


3>^% 


4% 


4^% 


5% 




311 


.0057808 


.0086712 


.0115616 


. 0144521 


.0173425 


.0202329 


.0231233 


.0260137 


.0289041 


311 


nn 


.0058082 


.0087123 


.0116164 


.0145205 


.0174247 


.0203288 


.0232329 


.0261370 


.0290411 


313 


313 


.0058356 


.0087534 


.0116712 


.0145890 


.0175068 


.0204247 


.0233425 


.0262603 


.0291781 


313 


214 


.0058630 


.0087945 


.0117260 


. 0146575 


.0175890 


.0205205 


.0234521 


.0263836 


.0293151 


314 


315 


.0058904 


.0088356 


.0117808 


.0147260 


.0176712 


.0206164 


.0235616 


.0265068 


.0294521 


315 


316 


.0059178 


.0088767 


.0118356 


.0147945 


.0177534 


.0207123 


.0236712 


.0266301 


.0295890 


316 


317 


.0059452 


.0089178 


.0118904 


.0148630 


.0178356 


.0208082 


.0237808 


.0267534 


. 0297260 


317 


318 


.0059726 


.0089589 


.0119452 


.0149315 


.0179178 


.0209041 


.0238904 


.0268767 


.0298630 


318 


319 


.0060000 


.0090000 


.0120000 


.0150000 


.0180000 


.0210000 


.0240000 


.0270000 


.0300000 


319 


330 


.0060274 


.0090411 


.0120548 


.0150685 


.0180822 


.0210959 


.0241096 


.0271233 


.0301370 


330 


331 


.0060548 


.0090822 


.0121096 


.0151370 


.0181644 


.0211918 


.0242192 


.0272466 


. 0302740 


331 


333 


.0060822 


.0091233 


.0121644 


.0152055 


.0182466 


.0212877 


.0243288 


.0273699 


.0304110 


333 


333 


.0061096 


.0091644 


.0122192 


.0152740 


. 0183288 


.0213836 


.0244384 


.0274932 


.0305479 


333 


334 


.0061370 


.0092055 


. 0122740 


.0153425 


.0184110 


. 0214795 


.0245479 


. 0276164 


.0306849 


334 


335 


.0061644 


.0092466 


.0123288 


.0154110 


.0184932 


.0215753 


.0246575 


.0277397 


.0308219 


335 


336 


.0061918 


.0092877 


.0123836 


.0154795 


.0185753 


.0216712 


.0247671 


.0278630 


.0309589 


336 


337 


.0062192 


.0093288 


.0124384 


. 0155479 


.0186575 


.0217671 


.0248767 


.0279863 


.0310959 


337 


338 


.0062466 


.0093699 


.0124932 


.0156164 


.0187397 


.0218630 


.0249863 


.0281096 


.0312329 


338 


339 


.0062740 


.0094110 


.0125479 


.0156849 


.0188219 


.0219589 


.0250959 


.0282329 


.0313699 


339 


330 


.0063014 


.0094521 


.0126027 


.0157534 


.0189041 


.0220548 


.0252055 


.0283562 


.0315068 


330 


331 


.0063288 


.0094932 


.0126575 


.0158219 


.0189863 


.0221507 


.0253151 


.0284795 


.0316438 


331 


333 


.0063562 


.0095342 


.0127123 


.0158904 


.0190685 


.0222466 


.0254247 


.0286027 


.0317808 


333 


333 


.0063836 


.0095753 


.0127671 


.0159589 


.0191507 


.0223425 


.0255342 


.0287260 


.0319178 


333 


334 


.0064110 


.0096164 


.0128219 


. 0160274 


.0192329 


.0224384 


.0256438 


.0288493 


.0320548 


334 


335 


.0064384 


.0096575 


.0128767 


.0160959 


.0193151 


.0225342 


.0257534 


.0289726 


.0321918 


335 


^36 


.0064658 


.0096986 


.0129315 


.0161644 


.0193973 


.0226301 


.0258630 


.0290959 


.0323288 


336 


337 


.0064932 


.0097397 


.0129863 


.0162329 


.0194795 


.0227260 


.0259726 


.0292192 


.0324658 


337 


338 


.0065205 


.0097808 


.0130411 


.0163014 


.0195616 


.0228219 


.0260822 


.0293425 


.0326027 


338 


339 


.0065479 


.0098219 


.0130959 


.0163699 


.0196438 


.0229178 


.0261918 


.0294658 


.0327397 


339 


340 


.0065753 


.0098630 


.0131507 

• 


.0164384 


.0197260 


.0230137 


.0263014 


.0295890 


.0328767 


340 


341 


.0066027 


.0099041 


.0132055 


.0165068 


.0198082 


.0231096 


.0264110 


.0297123 


.0330137 


341 


343 


.0066301 


.0099452 


.0132603 


.0165753 


.0198904 


.0232055 


.0265205 


.0298356 


.0331507 


343 


343 


.0066575 


.0099863 


.0133151 


.0166438 


.0199726 


. 0233014 


.0266301 


.0299589 


.0332877 


343 


344 


.0066849 


.0100274 


.0133699 


.0167123 


.0200548 


.0233973 


.0267397 


.0300822 


.0334247 


344 


345 


.0067123 


.0100685 


.0134247 


.0167808 


.0201370 


.0234932 


.0268493 


.0302055 


.0335616 


345 




1% 


13^% 


3% 


3^% 


3% 


3^% 


4% 


43^% 


5% 





INTEREST ON ONE DOLLAR 



29 





BASIS: DAYS 365 ^** ANNUM 




Days 




Days 


5^% 


6% 


6^% 


7% 


7H% 


8% 


8)^% 


9% 


9H% 


211 


.0317945 


0346849 


.0375753 


.0404658 


.0433562 


.0462466 


.0491370 


.0520274 


.0549178 


211 


212 


.0319452 


.0348493 


.0377534 


.0406575 


.0435616 


.0464658 


.0493699 


.0522740 


.0551781 


212 


213 


.0320959 


.0350137 


.0379315 


.0408493 


.0437671 


.0466849 


. 0496027 


.0525205 


.0554384 


213 


214 


.0322466 


.0351781 


.0381096 


.0410411 


.0439726 


.0469041 


.0498356 


.0527671 


.0556986 


214 


215 


.0323973 


.0353425 


.0382877 


.0412329 


.0441781 


.0471233 


.0500685 


.0530137 


.0559589 


215 


216 


.0325479 


.0355068 


.0384658 


.0414247 


.0443836 


.0473425 


.0503014 


.0532603 


.0562192 


216 


217 


.0326986 


.0356712 


.0386438 


.0416164 


. 0445890 


.0475616 


. 0505342 


. 0535068 


. 0564795 


217 


218 


.0328493 


.0358356 


.0388219 


.0418082 


. 0447945 


.0477808 


.0507671 


.0537534 


.0567397 


218 


219 


.0330000 


.0360000 


.0390000 


.0420000 


.0450000 


.0480000 


.0510000 


.0540000 


.0570000 


219 


220 


.0331507 


. 0361644 


.0391781 


.0421918 


.0452055 


.0482192 


.0512329 


. 0542466 


.0572603 


220 


221 


.0333014 


.0363288 


.0393562 


.0423836 


.0454110 


.0484384 


.0514658 


. 0544932 


.0575205 


221 


222 


.0334521 


.0364932 


.0395342 


.0425753 


.0456164 


.0486575 


.0516986 


.0547397 


.0577808 


222 


223 


.0336027 


.0366575 


.0397123 


.0427671 


.0458219 


.0488767 


.0519315 


.0549863 


.0580411 


223 


224 


.0337534 


.0388219 


.0398904 


.0429589 


.0460274 


.0490959 


. 0521644 


. 0552329 


.0583014 


224 


225 


.0339041 


.0369863 


.0400685 


.0431507 


.0462329 


.0493151 


.0523973 


.0554795 


.0585616 


225 


226 


.0340548 


.0371507 


.0402466 


.0433425 


.0464384 


. 0495342 


. 0526301 


.0557260 


.0588219 


226 


227 


.0342055 


,0373151 


.0404247 


.0435342 


.0466438 


.0497534 


.0528630 


.0559726 


.0590822 


227 


228 


.0343562 


. 0374795 


.0406027 


.0437260 


.0468493 


.0499726 


.0530959 


.0562192 


.0593425 


228 


229 


.0345068 


.0376438 


.0407808 


.0439178 


.0470548 


.0501918 


.0533288 


.0564658 


.0596027 


229 


230 


.0346575 


.0378082 


.0409589 


.0441096 


.0472603 


.0504110 


.0535616 


.0567123 


.0598630 


230 


231 


.0348082 


.0379726 


.0411370 


.0443014 


.0474658 


.0506301 


.0537945 


.0569589 


.0601233 


231 


232 


.0349589 


.0381370 


.0413151 


.0444932 


.0476712 


.0508493 


.0540274 


.0572055 


.0603836 


232 


233 


.0351096 


.0383014 


.0414932 


.0446849 


.0478767 


.0510685 


.0542603 


.0574521 


.0606438 


233 


234 


.0352603 


.0384658 


.0416712 


.0448767 


.0480822 


.0512877 


.0544932 


.0576986 


.0609041 


234 


235 


.0354110 


.0386301 


.0418493 


.0450685 


.0482877 


.0515068 


.0547260 


.0579452 


.0611644 


235 


236 


.0355616 


.0387945 


.0420274 


.0452603 


.0484932 


.0517260 


.0549589 


.0581918 


.0614247 


236 


237 


.0357123 


.0389589 


.0422055 


.0454521 


.0486986 


.0519452 


.0551918 


.0584384 


.0616849 


237 


238 


.0358630 


.0391233 


.0423836 


.0456438 


.0489041 


.0521644 


.0554247 


.0586849 


.0619452 


238 


239 


.0360137 


.0392877 


.0425616 


.0458356 


.0491096 


.0523836 


.0556575 


.0589315 


.0622055 


239 


240 


.0361644 


.0394521 


.0427397 


.0460274 


.0493151 


.0526027 


.0558904 


.0591781 


.0624658 


240 


241 


.0363151 


.0396164 


.0429178 


.0462192 


.0495205 


.0528219 


.0561233 


.0594247 


.0627260 


241 


242 


.0364658 


.0397808 


.0430959 


.0464110 


.0497260 


.0530411 


.0563562 


.0596712 


.0629863 


242 


243 


.0366164 


.0399452 


.0432740 


.0466027 


.0499315 


.0532603 


.0565890 


.0599178 


.0632466 


243 


244 


.0367671 


.0401096 


.0434521 


.0467945 


.0501370 


.0534795 


.0568219 


.0601644 


.0635068 


244 


245 


.0369178 


.0402740 


.0436301 


.0469863 


.0503425 


.0536986 


.0570548 


.0604110 


.0637671 


245 




53^% 


6% 


6K% 


7% 


73^% 


CO/ 


m% 


9% 


93^% 





30 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 365 ^^* ANNUM 




Days 


" 


Days 


1% 


1^% 


3% 


^y2% 


3% 


33^% 


4% 


m% 


5% 


246 


. 0067397 


.0101096 


.0134795 


.0168493 


.0202192 


.0235890 


.0269589 


.0303288 


.0336986 


246 


347 


.0067671 


.0101507 


.0135342 


.0169178 


.0203014 


.0236849 


.0270685 


.0304521 


.0338356 


247 


348 


.0067945 


.0101918 


.0135890 


.0169863 


.0203836 


.0237808 


.0271781 


.0305753 


.0339726 


248 


249 


.0068219 


.0102329 


.0136438 


.0170548 .0204658 


.0238767 


.0272877 


.0306986 


.0341096 


249 


250 


.0068493 


.0102740 


. 0136986 


.0171233 .0205479 


.0239726 


.0273973 


.0308219 


.0342466 


250 


251 


.0068767 


.0103151 


.0137534 


.0171918 


.0206301 


.0240685 


.0275068 


.0309452 


.0343836 


251 


252 


.0069041 


.0103562 


.0138082 


.0172603 


.0207123 


.0241644 


.0276164 


.0310685 


.0345205 


252 


253 


.0069315 


.0103973 


.0138630 


.0173288 


.0207945 


.0242603 


.0277260 


.0311918 


.0346575 


253 


254 


.0069589 


.0104384 


.0139178 


.0173973 


.0208767 


.0243562 


.0278356 


.0313151 


.0347945 


254 


255 


.0069863 


.0104795 


.0139726 


.0174658 


.0209589 


.0244521 


.0279452 


.0314384 


.0349315 


255 


256 


.0070137 


.0105205 


.0140274 


.0175342 


.0210411 


.0245479 


.0280548 


.0315616 


.0350685 


256 


257 


.0070411 


.0105616 


. 0140822 


.0176027 


.0211233 


.0246438 


.0281644 


.0316849 


.0352055 


257 


258 


.0070685 


.0106027 


.0141370 


.0176712 


. 0212055 


.0247397 


.0282740 


.0318082 


.0353425 


258 


259 


. 0070959 


.0106438 


.0141918 


.0177397 


.0212877 


.0248356 


.0283836 


.0319315 


.0354795 


259 


260 


.0071233 


.0106849 


.0142466 


.0178082 


.0213699 


.0249315 


.0284932 


.0320548 


.0356164 


260 


261 


.0071507 


.0107260 


.0143014 


. 0178767 


.0214521 


. 0250274 


.0286027 


.0321781 


. 0357534 


261 


262 


.0071781 


.0107671 


.0143562 


.0179452 


.0215342 


.0251233 


.0287123 


.0323014 


.0358904 


262 


263 


. 0072055 


.0108082 


.0144110 


.0180137 


.0216164 


.0252192 


.0288219 


.0324247 


.0360274 


263 


264 


.0072329 


.0108493 


. 0144658 


. 0180822 


.0216986 


.0253151 


. 0289315 


.0325479 


. 0361644 


264 


265 


.0072603 


.0108904 


.0145205 


.0181507 


.0217808 


.0254110 


.0290411 


.0326712 


.0363014 


265 


266 


.0072877 


.0109315 


.0145753 


.0182192 


.0218630 


.0255068 


.0291507 


.0327945 


.0364384 


266 


267 


.0073151 


. 0109726 


.0146301 


.0182877 


.0219452 


.0256027 


.0292603 


.0329178 


.0365753 


267 


268 


.0073425 


.0110137 


.0146849 


.0183562 


.0220274 


.0256986 


.0293699 


.0330411 


.0367123 


268 


269 


.0073699 


.0110548 


.0147397 


.0184247 


.0221096 


.0257945 


.0294795 


.0331644 


.0368493 


269 


270 


.0073973 


.0110959 


. 0147945 


.0184932 


.0221918 


.0258904 


.0295890 


.0332877 


.0369863 


270 


271 


.0074247 


.0111370 


.0148493 


.0185616 


.0222740 


.0259863 


.0296986 


.0334110 


.0371233 


271 


272 


.0074521 


.0111781 


.0149041 


.0186301 


.0223562 


.0260822 


.0298082 


.0335342 


.0372603 


272 


273 


.0074795 


.0112192 


.0149589 


.0186986 


.0224384 


.0261781 


.0299178 


.0336575 


.0373973 


273 


274 


.0075068 


.0112603 


.0150137 


.0187671 


.0225205 


.0262740 


.0300274 


.0337808 


.0375342 


274 


275 


.0075342 


.0113014 


.0150685 


.0188356 


.0226027 


.0263699 


.0301370 


.0339041 


.0376712 


275 


276 


.0075616 


.0113425 


.0151233 


.0189041 


.0226849 


.0264658 


.0302466 


.0340274 


.0378082 


276 


277 


.0075890 


.0113836 


.0151781 


.0189726 


.0227671 


.0265616 


.0303562 


.0341507 


.0379452 


277 


278 


.0076164 


.0114247 


.0152329 


.0190411 


.0228493 


.0266575 


.0304658 


.0342740 


.0380822 


278 


279 


.0076438 


.0114658 


.0152877 


.0191096 


.0229315 


.0267534 


.0305753 


.0343973 


.0382192 


279 


280 


.0076712 


.0115068 


.0153425 


.0191781 


.0230137 


.0268493 


.0306849 


.0345205 


.0383562 


280 




1% 


1^% 


2% 


2>^% 


3% 


3>^% 


4% 


4^% 


5% 





INTEREST ON ONE DOLLAR 



31 





BASIS: DAYS 365 ^™ ANNUM 




Days 




Days 


5)^% 


6% 


6^% 


7% 


W2% 


8% 


8H% 


9% 


9K% 


246 


.0370685 


.0404384 


.0438082 


.0471781 


.0505479 


.0539178 


.0572877 


.0606575 


.0640274 


246 


247 


.0372192 


.0406027 


.0439863 


.0473699 


.0507534 


.0541370 


.0575205 


.0609041 


.0642877 


247 


248 


.0373699 


.0407671 


.0441644 


.0475616 


.0509589 


.0543562 


.0577534 


.0611507 


.0645479 


248 


249 


.0375205 


.0409315 


.0443425 


.0477534 


.0511644 


.0545753 


.0579863 


.0613973 


.0648082 


249 


250 


.0376712 


.0410959 


.0445205 


.0479452 


.0513699 


.0547945 


.0582192 


.0616438 


.0650685 


250 


251 


.0378219 


.0412603 


.0446986 


.0481370 


.0515753 


.0550137 


.0584521 


.0618904 


.0653288 


251 


252 


.0379726 


.0414247 


.0448767 


.0483288 


.0517808 


.0552329 


.0586849 


.0621370 


.0655890 


252 


253 


.0381233 


.0415890 


.0450548 


.0485205 


.0519863 


.0554521 


.0589178 


.0623836 


.0658493 


253 


254 


.0382740 


. 0417534 


.0452329 


.0487123 


.0521918 


.0556712 


.0591507 


.0626301 


.0661096 


254 


255 


.0384247 


.0419178 


.0454110 


.0489041 


.0523973 


.0558904 


.0593836 


.0628767 


.0663699 


255 


256 


.0385753 


.0420822 


.0455890 


.0490959 


.0526027 


.0561096 


.0596164 


.0631233 


.0666301 


256 


257 


.0387260 


.0422466 


.0457671 


.0492877 


.0528082 


.0563288 


.0598493 


.0633699 


.0668904 


257 


258 


.0388767 


.0424110 


.0459452 


.0494795 


.0530137 


.0565479 


.0600822 


.0636164 


.0671507 


258 


259 


.0390274 


.0425753 


.0461233 


.0496712 


.0532192 


.0567671 


.0603151 


.0638630 


.0674110 


259 


260 


.0391781 


.0427397 


.0463014 


.0498630 


.0534247 


.0569863 


.0605479 


.0641096 


.0676712 


260 


261 


.0393288 


.0429041 


.0464795 


.0500548 


.0536301 


.0572055 


.0607808 


.0643562 


.0679315 


261 


262 


.0394795 


.0430685 


.0466575 


.0502466 


.0538356 


.0574247 


.0610137 


.0646027 


.0681918 


262 


263 


.0396301 


.0432329 


.0468356 


.0504384 


.0540411 


.0576438 


.0612466 


.0648493 


.0684521 


263 


264 


.0397808 


.0433973 


.0470137 


.0506301 


.0542466 


.0578630 


.0614795 


.0650959 


.0687123 


264 


265 


.0399315 


.0435616 


.0471918 


.0508219 


.0544521 


.0580822 


.0617123 


.0653425 


.0689726 


265 


266 


.0400822 


.0437260 


.0473699 


.0510137 


.0546575 


.0583014 


.0619452 


.0655890 


.0692329 


266 


267 


.0402329 


.0438904 


.0475479 


.0512055 


.0548630 


.0585205 


.0621781 


.0658356 


.0694932 


267 


268 


.0403836 


.0440548 


.0477260 


.0513973 


.0550685 


.0587397 


.0624110 


.0660822 


.0697534 


268 


269 


.0405342 


.0442192 


.0479041 


.0515890 


.0552740 


.0589589 


.0626438 


.0663288 


.0700137 


269 


270 


.0406849 


.0443836 


.0480822 


.0517808 


.0554795 


.0591781 


.0628767 


.0665753 


.0702740 


270 


271 


.0408356 


.0445479 


.0482603 


.0519726 


.0556849 


.0593973 


.0631096 


.0668219 


.0705342 


271 


272 


.0409863 


.0447123 


.0484384 


.0521644 


.0558904 


.0596164 


.0633425 


.0670685 


.0707945 


272 


273 


.0411370 


.0448767 


.0486164 


.0523562 


.0560959 


.0598356 


.0635753 


.0673151 


.0710548 


273 


274 


.0412877 


.0450411 


.0487945 


.0525479 


.0563014 


.0600548 


.0638082 


.0675616 


.0713151 


274 


275 


.0414384 


.0452055 


.0489726 


.0527397 


.0565068 


.0602740 


.0640411 


.0678082 


.0715753 


275 


276 


.0415890 


.0453699 


.0491507 


.0529315 


.0567123 


.0604932 


.0642740 


.0680548 


.0718356 


276 


277 


.0417397 


.0455342 


.0493288 


.0531233 


.0569178 


.0607123 


.0645068 


.0683014 


.0720959 


277 


278 


.0418904 


.0456986 


.0495068 


.0533151 


.0571233 


.0609315 


.0647397 


.0685479 


.0723562 


278 


279 


.0420411 


.0458630 


.0496849 


.0535068 


.0573288 


.0611507 


.0649726 


.0687945 


.0726164 


279 


280 


.0421918 


.0460274 


.0498630 


.0536986 


.0575342 


.0613699 


.0652055 


.0690411 


.0728767 


280 




5>^% 


6% 


63^% 


no 


73^% 


8% 


8^% 


9% 


9^% 





32 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 365 ^^^ ANNUIVI 




Days 




Days 


1% 


iy2% 


2% 


2>^% 


3% 


33^% 


4% 


4H% 


5% 


281 


.0076986 


.0115479 


.0153973 


.0192466 


.0230959 


.0269452 


.0307945 


.0346438 


.0384932 


281 


282 


.0077260 


.0115890 


.0154521 


.0193151 


.0231781 


.0270411 


.0309041 


.0347671 


.0386301 


282 


283 


.0077534 


.0116301 


.0155068 


.0193836 


.0232603 


.0271370 


.0310137 


.0348904 


.0387671 


283 


284 


.0077808 


.0116712 


.0155616 


.0194521 


.0233425 


.0272329 


.0311233 


.0350137 


.0389041 


284 


285 


.0078082 


.0117123 


.0156164 


.0195205 


.0234247 


.0273288 


.0312329 


.0351370 


.0390411 


285 


286 


.0078356 


.0117534 


.0156712 


.0195890 


.0235068 


.0274247 


.0313425 


.0352603 


.0391781 


286 


287 


.0078630 


.0117945 


.0157260 


.0196575 


.0235890 


. 0275205 


.0314521 


.0353836 


.0393151 


287 


288 


.0078904 


.0118356 


.0157808 


.0197260 


.0236712 


. 0276164 


.0315616 


.0355068 


.0394521 


288 


289 


.0079178 


.0118767 


.0158356 


.0197945 


.0237534 


.0277123 


.0316712 


.0356301 


.0395890 


289 


290 


.0079452 


.0119178 


.0158904 


. 0198630 


.0238356 


.0278082 


.0317808 


.0357534 


.0397260 


290 


291 


.0079726 


.0119589 


.0159452 


.0199315 


.0239178 


.0279041 


.0318904 


.0358767 


.0398630 


291 


292 


.0080000 


.0120000 


.0160000 


.0200000 


.0240000 


.0280000 


.0320000 


.0360000 


.0400000 


292 


293 


.0080274 


.0120411 


. 0160548 


.0200685 


.0240822 


.0280959 


.0321096 


.0361233 


.0401370 


293 


294 


.0080548 


. 0120822 


.0161096 


. 0201370 


.0241644 


.0281918 


.0322192 


.0362466 


.0402740 


294 


295 


.0080822 


.0121233 


.0161644 


.0202055 


.0242466 


.0282877 


.0323288 


.0363699 


.0404110 


295 


296 


.0081096 


.0121644 


.0162192 


.0202740 


.0243288 


.0283836 


.0324384 


.0364932 


.0405479 


296 


297 


.0081370 


.0122055 


. 0162740 


.0203425 


.0244110 


.0284795 


.0325479 


.0366164 


.0406849 


297 


298 


.0081644 


. 0122466 


. 0163288 


.0204110 


. 0244932 


.0285753 


. 0326575 


.0367397 


.0408219 


298 


299 


.0081918 


.0122877 


.0163836 


.0204795 


.0245753 


.0286712 


.0327671 


.0368630 


.0409589 


299 


300 


.0082192 


.0123288 


.0164384 


.0205479 


.0246575 


.0287671 


.0328767 


.0369863 


.0410959 


300 


301 


.0082466 


.0123699 


.0164932 


.0206164 


.0247397 


.0288630 


.0329863 


.0371096 


.0412329 


301 


302 


.0082740 


.0124110 


. 0165479 


. 0206849 


.0248219 


.0289589 


.0330959 


.0372329 


.0413699 


302 


303 


.0083014 


.0124521 


.0166027 


.0207534 


.0249041 


.0290548 


.0332055 


.0373562 


.0415068 


303 


304 


.0083288 


.0124932 


.0166575 


.0208219 


.0249863 


.0291507 


.0333151 


.0374795 


.0416438 


304 


305 


.0083562 


.0125342 


.0167123 


.0208904 


.0250685 


.0292466 


.0334247 


.0376027 


.0417808 


305 


306 


.0083836 


.0125753 


.0167671 


. 0209589 


.0251507 


.0293425 


.0335342 


.0377260 


.0419178 


306 


307 


.0084110 


.0126164 


.0168219 


.0210274 


.0252329 


.0294384 


. 0336438 


.0378493 


.0420548 


307 


308 


.0084384 


.0126575 


.0168767 


.0210959 


.0253151 


.0295342 


.0337534 


.0379726 


. 0421918 


308 


309 


.0084658 


.0126986 


.0169315 


.0211644 


.0253973 


.0296301 


.0338630 


.0380959 


. 0423288 


309 


310 


.0084932 


.0127397 


.0169863 


.0212329 


.0254795 


.0297260 


.0339726 


.0382192 


.0424658 


310 


311 


.0085205 


.0127808 


.0170411 


.0213014 


.0255616 


.0298219 


.0340822 


.0383425 


.0426027 


311 


312 


.0085479 


.0128219 


.0170959 


.0213699 


.0256438 


.0299178 


.0341918 


.0384658 


.0427397 


312 


313 


.0085753 


.0128630 


.0171507 


.0214384 


.0257260 


.0300137 


.0343014 


.0385890 


.0428767 


313 


314 


.0086027 


.0129041 


.0172055 


.0215068 


.0258082 


.0301096 


.0344110 


.0387123 


. 0430137 


314 


315 


.0086301 


.0129452 


.0172603 


.0215753 


.0258904 


.0302055 


.0345205 


.0388356 


.0431507 


315 




1% 


1^% 


3% 


2^% 


3% 


3>^% 


4% 


43^% 


5% 





INTEREST ON ONE DOLLAR 



33 





BASIS: DAYS 365 ^^* ANNUM 




Days 


' 


Days 


5y2% 


6% 


6K% 


7% 


7^% 


8% 


'sy2% 


9% 


9K% 


381 


.0423425 


.0461918 


.0500411 


.0538904 


.0577397 


.0615890 


.0654384 


.0692877 


.0731370 


381 


2S2 


.0424932 


.0463562 


.0502192 


.0540822 


.0579452 


.0618082 


.0656712 


.0695342 


.0733973 


383 


383 


.0426438 


.0465205 


.0503973 


.0542740 


.0581507 


.0620274 


.0659041 


.0697808 


.0736575 


383 


284 . 


.0427945 


.0466849 


.0505753 


.0544658 


.0583562 


.0622466 


.0661370 


.0700274 


.0739178 


384 


385 


.0429452 


.0468493 


.0507534 


.0546575 


.0585616 


.0624658 


.0663699 


.0702740 


.0741781 


385 


386 


.0430959 


.0470137 


.0509315 


.0548493 


.0587671 


.0626849 


.0666027 


.0705205 


.0744384 


386 


387 


.0432466 


.0471781 


.0511096 


.0550411 


.0589726 


. 0629041 


.0668356 


.0707671 


.0746986 


387 


388 


.0433973 


.0473425 


.0512877 


.0552329 


.0591781 


.0631233 


.0670685 


.0710137 


.0749589 


388 


389 


.0435479 


.0475068 


.0514658 


.0554247 


.0593836 


.0633425 


.0673014 


.0712603 


.0752192 


389 


390 


.0436986 


.0476712 


.0516438 


.0556164 


.0595890 


. 0635616 


.0675342 


.0715068 


.0754795 


390 


391 


.0438493 


.0478356 


.0518219 


.0558082 


.0597945 


.0637808 


.0677671 


.0717534 


.0757397 


391 


393 


.0440000 


.0480000 


.0520000 


.0560000 


.0600000 


.0640000 


.0680000 


.0720000 


.0760000 


393 


393 


.0441507 


.0481644 


.0521781 


.0561918 


.0602055 


. 0642192 


.0682329 


.0722466 


.0762603 


393 


394 


.0443014 


.0483288 


.0523562 


.0563836 


.0604110 


.0644384 


.0684658 


.0724931 


.0765205 


394 


395 


.0444521 


.0484932 


.0525342 


.0565753 


.0606164 


.0646575 


.0686986 


.0727397 


.0767808 


395 


396 


.0446027 


.0486575 


.0527123 


.0567671 


.0608219 


.0648767 


.0689315 


.0729863 


.0770411 


396 


397 


.0447534 


.0488219 


.0528904 


.0569589 


.0610274 


.0650959 


.0691644 


.0732329 


.0773014 


397 


398 


.0449041 


.0489863 


.0530685 


.0571507 


.0612329 


.0653151 


.0693973 


.0734795 


.0775616 


398 


399 


.0450548.04915071 


.0532466 


.0573425 


.0614384 


.0655342 


.0696301 


.0737260 


.0778219 


399 


300 


.0452055 


.0493151 


.0534247 


.0575342 


.0616438 


.0657534 


.0698630 


.0739726 


.0780822 


300 


301 


.0453562 


.0494795 


.0536027 


.0577260 


.0618493 


.0659726 


.0700959 


.0742192 


.0783425 


301 


303 


.0455068 


.0496438 


.0537808 


.0579178 


.0620548 


.0661918 


.0703288 


.0744658 


.0786027 


303 


303 


.0456575 


.0498082 


.0539589 


. 0581096 


.0622603 


.0664110 


.0705616 


.0747123 


.0788630 


303 


304 


.0458082 


.0499726 


.0541370 


.0583014 


.0624658 


.0666301 


.0707945 


.0749589 


.0791233 


304 


305 


.0459589 


.0501370 


.0543151 


.0584932 


.0626712 


.0668493 


.0710274 


.0752055 


.0793836 


305 


306 


.0461096 


,0503014 


.0544932 


.0586849 


.0628767 


.0670685 


.0712603 


.0754521 


.0796438 


306 


307 


.0462603 


.0504658 


.0546712 


.0588767 


.0630822 


.0672877 


.0714932 


.0756986 


.0799041 


307 


308 


.0464110 


.0506301 


.0548493 


.0590685 


.0632877 


.0675068 


.0717260 


.0759452 


.0801644 


308 


309 


.0465616 


.0507945 


.0550274 


.0592603 


.0634932 


.0677260 


.0719589 


.0761918 


.0804247 


309 


310 


.0467123 


.0509589 


.0552055 


.0594521 


.0636986 


.0679452 


.0721918 


.0764384 


.0806849 


310 


311 


.0468630 


.0511233 


.0553836 


.0596438 


.0639041 


.0681644 


.0724247 


.0766849 


.0809452 


311 


313 


.0470137 


.0512877 


.0555616 


.0598356 


.0641096 


.0683836 


.0726575 


.0769315 


.0812055 


313 


313 


.0471644 


.0514521 


.0557397 


.0600274 


.0643151 


.0686027 


.0728904 


.0771781 


.0814658 


313 


314 


.0473151 


.0516164 


.0559178 


.0602192 


.0645205 


.0688219 


.0731233 


.0774247 


.0817260 


314 


315 


.0474658 


.0517808 


.0560959 


.0604110 


.0647260 


.0690411 


.0733562 


.0776712 


.0819863 


315 




5^% 


6% 


6>^% 


7% 


73^% 


8% 


sy2% 


9% 


9M% 





34 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 365 ^^* ANNUM 




Days 




Days 


1% 


1K% 


3% 


3>^% 


3% 


3^% 


4% 


4K% 


5% 


316 


.0086575 


.0129863 


.0173151 


.0216438 


.0259726 


.0303014 


.0346301 


.0389589 


.0432877 


316 


317 


.0086849 


.0130274 


.0173699 


.0217123 


.0260548 


.0303973 


.0347397 


.0390822 


.0434247 


317 


318 


.0087123 


.0130685 


.0174247 


.0217808 


.0261370 


.0304932 


.0348493 


.0392055 


.0435616 


31S 


319 


.0087397 


.0131096 


.0174795 


.0218493 


.0262192 


.0305890 


.0349589 


.0393288 


.0436986 


319 


3^0 


.0087671 


.0131507 


.0175342 


.0219178 


.0263014 


.0306849 


.0350685 


.0394521 


.0438356 


330 


331 


.0087945 


.0131918 


.0175890 


.0219863 


.0263836 


.0307808 


.0351781 


.0395753 


.0439726 


331 


Z22 


.0088219 


.0132329 


.0176438 


.0220548 


.0264658 


.0308767 


.0352877 


.0396986 


.0441096 


333 


333 


.0088493 


.0132740 


.0176986 


.0221233 


.0265479 


.0309726 


.0353973 


.0398219 


.0442466 


333 


3M 


.0088767 


.0133151 


.0177534 


.0221918 


.0266301 


.0310685 


.0355068 


.0399452 


.0443836 


334 


335 


.0089041 


.0133562 


.0178082 


.0222603 


.0267123 


.0311644 


.0356164 


.0400685 


.0445205 


335 


336 


.0089315 


.0133973 


.0178630 


.0223288 


.0267945 


.0312603 


.0357260 


.0401918 


.0446575 


336 


337 


.0089589 


.0134384 


.0179178 


.0223973 


.0268767 


.0313562 


.0358356 


.0403151 


.0447945 


337 


338 


.0089863 


.0134795 


.0179726 


.0224658 


.0269589 


.0314521 


.0359452 


.0404384 


.0449315 


338 


339 


.0090137 


.0135205 


.0180274 


.0225342 


.0270411 


.0315479 


.0360548 


.0405616 


.0450685 


339 


330 


.0090411 


.0135616 


.0180822 


.0226027 


.0271233 


.0316438 


.0361644 


.0406849 


.0452055 


330 


331 


.0090685 


.0136027 


.0181370 


.0226712 


.0272055 


.0317397 


.0362740 


.0408082 


.0453425 


331 


333 


.0090959 


.0136438 


.0181918 


.0227397 


.0272877 


.0318356 


.0363836 


.0409315 


.0454795 


333 


333 


.0091233 


.0136849 


.0182466 


.0228082 


.0273699 


.0319315 


.0364932 


.0410548 


.0456164 


333 


334 


. 0091507 


.0137260 


.0183014 


.0228767 


.0274521 


.0320274 


.0366027 


.0411781 


.0457534 


334 


335 


.0091781 


.0137671 


.0183562 


.0229452 


. 0275342 


.0321233 


.0367123 


.0413014 


.0458904 


335 


336 


.0092055 


.0138082 


.0184110 


.0230137 


.0276164 


.0322192 


.0368219 


.0414247 


.0460274 


336 


337 


.0092329 


.0138493 


.0184658 


.0230822 


.0276986 


.0323151 


.0369315 


.0415479 


.0461644 


337 


338 


.0092603 


.0138904 


.0185205 


.0231507 


.0277808 


.0324110 


.0370411 


.0416712 


.0463014 


338 


339 


.0092877 


.0139315 


.0185753 


.0232192 


.0278630 


.0325068 


.0371507 


.0417945 


.0464384 


339 


340 


.0093151 


.0139726 


.0186301 


.0232877 


.0279452 


.0326027 


.0372603 


.0419178 


.0465753 


340 


341 


.0093425 


.0140137 


.0186849 


.0233562 


.0280274 


.0326986 


.0373699 


.0420411 


.0467123 


341 


343 


.0093699 


.0140548 


.0187397 


.0234247 


.0281096 


.0327945 


.0374795 


.0421644 


.0468493 


343 


343 


.0093973 


.0140959 


.0187945 


.0234932 


.0281918 


.0328904 


.0375890 


.0422877 


.0469863 


343 


344 


.0094247 


.0141370 


.0188493 


.0235616 


.0282740 


.0329863 


.0376986 


.0424110 


.0471233 


344 


345 


.0094521 


.0141781 


.0189041 


.0236301 


.0283562 


.0330822 


.0378082 


.0425342 


.0472603 


345 


346 


.0094795 


.0142192 


.0189589 


.0236986 


.0284384 


.0331781 


.0379178 


.0426575 


.0473973 


346 


347 


.0095068 


.0142603 


.0190137 


.0237671 


.0285205 


.0332740 


.0380274 


.0427808 


.0475342 


347 


348 


.0095342 


.0143014 


.0190685 


.0238356 


.0286027 


.0333699 


.0381370 


.0429041 


.0476712 


348 


349 


.0095616 


.0143425 


.0191233 


.0239041 


.0286849 


.0334658 


.0382466 


.0430274 


.0478082 


349 


350 


.0095890 


.0143836 


.0191781 


.0239726 


.0287671 


.0335616 


.0383562 


.0431507 


.0479452 


350 




1% 


iy2% 


3% 


3^% 


3% 


33^% 


4% 


4>^% 


5% 





INTEREST ON ONE DOLLAR 



35 





BASIS: DAYS Qfi^ ^^* ANNUM 

v^ ^^ v^ 




Days 




Days 


5^% 


6% 


6K% 


7% 


7^% 


8% 


8H% 


9% 


9y2% 


316 


.0476164 


.0519452 


.0562740 


.0606027 


.0649315 


.0692603 


.0735890 


.0779178 


.0822466 


316 


317 


.0477671 


.0521096 


.0564521 


.0607945 


.0651370 


.0694795 


.0738219 


.0781644 


.0825068 


317 


318 


.0479178 


.0522740 


.0566301 


.0609863 


.0653425 


.0696986 


.0740548 


.0784110 


.0827671 


318 


319 


.0480685 


.0524384 


.0568082 


.0611781 


.0655479 


.0699178 


.0742877 


.0786575 


.0830274 


319 


330 


.0482192 


.0526027 


.0569863 


.0613699 


.0657534 


.0701370 


.0745205 


.0789041 


.0832877 


320 


321 


.0483699 


.0527671 


.0571644 


.0615616 


.0659589 


.0703562 


.0747534 


.0791507 


.0835479 


321 


322 


.0485205 


.0529315 


.0573425 


.0617534 


.0661644 


.0705753 


.0749863 


.0793973 


.0838082 


322 


323 


.0486712 


.0530959 


.0575205 


.0619452 


.0663699 


.0707945 


.0752192 


.0796438 


.0840685 


323 


324 


.0488219 


.0532603 


. 0576986 


.0621370 


.0665753 


.0710137 


.0754521 


.0798904 


.0843288 


324 


325 


.0489726 


.0534247 


.0578767 


.0623288 


.0667808 


.0712329 


.0756849 


.0801370 


.0845890 


325 


326 


.0491233 


.0535890 


.0580548 


.0625205 


.0669863 


.0714521 


.0759178 


.0803836 


.0848493 


326 


327 


.0492740 


.0537534 


.0582329 


.0627123 


.0671918 


.0716712 


.0761507 


.0806301 


.0851096 


327 


328 


.0494247 


.0539178 


.0584110 


.0629041 


.0673973 


.0718904 


.0763836 


.0808767 


.0853699 


328 


329 


.0495753 


.0540822 


.0585890 


.0630959 


.0676027 


.0721096 


.0766164 


.0811233 


.0856301 


329 


330 


.0497260 


.0542466 


.0587671 


.0632877 


.0678082 


.0723288 


.0768493 


.0813699 


.0858904 


330 


331 


.0498767 


.0544110 


.0589452 


.0634795 


.0680137 


.0725479 


.0770822 


.0816164 


.0861507 


331 


332 


.0500274 


.0545753 


.0591233 


.0636712 


.0682192 


.0727671 


.0773151 


.0818630 


.0864110 


332 


333 


.0501781 


.0547397 


.0593014 


.0638630 


.0684247 


.0729863 


.0775479 


.0821096 


.0866712 


333 


334 


.0503288 


.0549041 


.0594795 


.0640548 


.0686301 


.0732055 


.0777808 


.0823562 


.0869315 


334 


335 


.0504795 


.0550685 


.0596575 


.0642466 


.0688356 


.0734247 


.0780137 


.0826027 


.0871918 


335 


336 


.0506301 


.0552329 


.0598356 


.0644384 


.0690411 


.0736438 


.0782466 


.0828493 


.0874521 


336 


337 


.0507808 


.0553973 


.0600137 


.0646301 


.0692466 


.0738630 


.0784795 


.0830959 


.0877123 


337 


338 


.0509315 


.0555616 


.0601918 


.0648219 


.0694521 


.0740822 


.0787123 


.0833425 


.0879726 


338 


339 


.0510822 


.0557260 


.0603699 


.0650137 


.0696575 


.0743014 


.0789452 


.0835890 


.0882329 


339 


340 


.0512329 


.0558904 


.0605479 


.0652055 


.0698630 


.0745205 


.0791781 


.0838356 


.0884932 


340 


341 


.0513836 


.0560548 


.0607260 


.0653973 


.0700685 


.0747397 


.0794110 


.0840822 


.0887534 


341 


342 


.0515342 


.0562192 


.0609041 


.0655890 


.0702740 


.0749589 


.0796438 


.0843288 


.0890137 


342 


343 


.0516849 


.0563836 


.0610822 


.0657808 


.0704795 


.0751781 


.0798767 


.0845753 


.0892740 


343 


344 


.0518356 


.0565479 


.0612603 


.0659726 


.0706849 


.0753973 


.0801096 


.0848219 


.0895342 


344 


345 


.0519863 


.0567123 


.0614384 


.0661644 


.0708904 


.0756164 


.0803425 


.0850685 


.0897945 


345 


346 


.0521370 


.0568767 


.0616164 


.0663562 


.0710959 


.0758356 


.0805753 


.0853151 


.0900548 


346 


347 


.0522877 


.0570411 


.0617945 


.0665479 


.0713014 


.0760548 


.0808082 


.0855616 


.0903151 


347 


348 


.0524384 


.0572055 


.0619726 


.0667397 


.0715068 


.0762740 


.0810411 


.0858082 


.0905753 


348 


349 


.0525890 


.0573699 


.0621507 


.0669315 


.0717123 


.0764932 


.0812740 


.0860548 


.0908356 


349 


350 


.0527397 


.0575342 


.0623288 


.0671233 


.0719178 


.0767123 


.0815068 


.0863014 


.0910959 


350 




5^% 


6% 


6>i% 


7% 


7>^% 


8% 


8>^% 


9% 


9>^% 





36 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 365 ^^* ANNUM 




Days 




Days 






















1% 


1K% 


2% 


2H% 


3% 


33^% 


4% 


4^% 


6% 




351 


.0096164 


.0144247 


.0192329 


.0240411 


.0288493 


.0336575 


.0384658 


.0432740 


.0480822 


351 


352 


.0096438 


.0144658 


.0192877 


.0241096 


.0289315 


.0337534 


.0385753 


.0433973 


.0482192 


352 


353 


.0096712 


.0145068 


.0193425 


.0241781 


.0290137 


.0338493 


.0386S49 


.0435205 


.0483562 


353 


354 


.0096986 


.0145479 


.0193973 


.0242466 


.0290959 


.0339452 


.0387945 


.0436438 


.0484932 


354 


355 


.0097260 


.0145890 


.0194521 


.0243151 


.0291781 


.0340411 


.0389041 


.0437671 


.0486301 


355 


356 


.0097534 


.0146301 


.0195068 


.0243836 


.0292603 


.0341370 


.0390137 


.0438904 


.0487671 


356 


357 


.0097808 


.0146712 


.0195616 


.0244521 


.0293425 


.0342329 


.0391233 


.0440137 


.0489041 


357 


35S 


.0098082 


.0147123 


.0196164 


.0245205 


.0294247 


.0343288 


.0392329 


.0441370 


.0490411 


358 


359 


.0098356 


.0147534 


.0196712 


.0245890 


.0295068 


.0344247 


.0393425 


.0442603 


.0491781 


359 


360 


.0098630 


.0147945 


.0197260 


.0246575 


.0295890 


.0345205 


.0394521 


.0443836 


.0493151 


360 


361 


.0098904 


.0148356 


.0197808 


.0247260 


.0296712 


.0346164 


.0395616 


.0445068 


.0494521 


361 


363 


.0099178 


.0148767 


.0198356 


.0247945 


.0297534 


.0347123 


.0396712 


.0446301 


.0495890 


363 


363 


.0099452 


.0149178 


.0198904 


.0248630 


.0298356 


.0348082 


.0397808 


.0447534 


.0497260 


363 


364 


.0099726 


.0149589 


.0199452 


.0249315 


.0299178 


.0349041 


.0398904 


.0448767 


.0498630 


364 


365 


.0100000 


.0150000 


.0200000 


.0250000 


.0300000 


.0350000 


.0400000 


.0450000 


.0500000 


365 




1% 


1^% 


3% 


23^% 


3% 


3K% 


4% 


43^% 


5% 





Banking and 
Stock Brokerage 



We have a special department for auditing and 
investigating the affairs of Stock Brokers and 
Banking Institutions. Our investigation in the 
matter of the Columbus and Hocking Coal and 
Iron Pools developed the evidence which caused 
a well known former Wall Street operator to 
settle for upwards of $400,000.00 and recovered, 
through litigation, upwards of $300,000.00 from 
a prominent Bank. 







INTEREST 


ON ONE DOLLAR 




37 




BASIS: DAYS 365 ^** ANNUM 




Days 




Days 




1 








' 








5y2% 


6% 


6^% 


7% 


73^% 


8% 


8^% 


9% 


9y2% 




351 


.0528904 


.0576986 


.0625068 


.0673151 


.0721233 


.0769315 


.0817397 


.0865479 


.0913562 


351 


352 


.0530411 


.0578630 


.0626849 


.0675068 


.0723288 


.0771507 


.0819726 


.0867945 


.0916164 


353 


353 


.0531918 


.0580274 


.0628630 


.0676986 


.0725342 


.0773699 


.0822055 


.0870411 


.0918767 


353 


354 


.0533425 


.0581918 


.0630411 


.0678904 


.0727397 


.0775890 


.0824384 


.0872877 


.0921370 


354 


355 


.0534932 


.0583562 


.0632192 


.0680822 


.0729452 


.0778082 


.0826712 


.0875342 


.0923973 


355 


356 


.0536438 


.0585205 


.0633973 


.0682740 


.0731507 


.0780274 


.0829041 


.0877808 


.0926575 


356 


357 


.0537945 


.0586849 


.0635753 


.0684658 


.0733562 


.0782466 


.0831370 


.0880274 


.0929178 


357 


358 


.0539452 


.0588493 


.0637534 


.0686575 


.0735616 


.0784658 


.0833699 


.0882740 


.0931781 


358 


359 


.0540959 


.0590137 


.0639315 


.0688493 


.0737671 


.0786849 


.0836027 


.0885205 


.0934384 


359 


360 


.0542466 


.0591781 


.0641096 


.0690411 


.0739726 


.0789041 


.0838356 


.0887671 


.0936986 


360 


361 


.0543973 


.0593425 


.0642877 


.0692329 


.0741781 


.0791233 


.0840685 


.0890137 


.0939589 


361 


363 


.0545479 


.0595068 


.0644658 


.0694247 


.0743836 


.0793425 


. 0843014 


.0892603 


.0942192 


363 


363 


.0546986 


.0596712 


.0646438 


.0696164 


.0745890 


.0795616 


.0845342 


.0895068 


.0944795 


363 


364 


.0548493 


.0598356 


.0648219 


.0698082 


.0747945 


.0797808 


.0847671 


.0897534 


.0947397 


364 


365 


.0550000 


.0600000 


.0650000 


.0700000 


.0750000 


.0800000 


.0850000 


.0900000 


.0950000 


365 




53^% 


6% 


63^% 


7% 


^V2% 


8% 


83^% 


9% 


9y2% 





Business Failures 



The causes for business failures as compiled by Bradstreet's are as follows: — 
DUE TO FAULTS OF THOSE FAILING— 78.8%:— 
Incompetence (Irrespective of other causes). 
Inexperience (Without other incompetence). 
Lack of CapitaL 
Unwise Credits. 

Speculation (Outside regular business). 
Neglect of Business (Due to doubtful habits). 
Personal Extravagance. 
Fraudulent Disposition of Property. 

NOT DUE TO FAULTS OF THOSE FAILING— 21.2%:— 

Specific Conditions (Disaster, etc.). 

Failure of Others (of apparently solvent debtors). 

Competition. 

According to this, 78.8% of the failures in the United States in 1914 would not 
have occurred if proper business methods had prevailed. The services of reliable, 
competent Certified Public Accountants with the hearty co-operation of those 
vitally interested would have prevented many of these failures. 



38 



INTEREST ON ONE DOLLAR 



Days 


BASIS: DAYS 360 ^™' ^^^^^ 


Days 






















1% 


1^% 


3% 


3^% 


3% 


3^% 


4% 


4H% 


5% 




1 


.0000278 


.0000417 


.0000556 


.0000694 


.0000833 


.0000972 


.0001111 


.0001250 


.0001389 


1 


2 


.0000556 


.0000833 


.0001111 


.0001389 


.0001667 


.0001944 


.0002222 


.0002500 


.0002778 


3 


3 


.0000833 


.0001250 


.0001667 


.0002083 


.0002500 


.0002917 


.0003333 


.0003750 


.0004167 


3 


4 


.0001111 


.0001667 


.0002222 


.0002778 


.0003333 


.0003889 


.0004444 


.0005000 


.0005556 


4 


5 


.0001389 


.0002083 


.0002778 


.0003472 


.0004167 


.0004861 


.0005556 


.0006250 


.0006944 


5 


6 


.0001667 


.0002500 


.0003333 


.0004167 


.0005000 


.0005833 


.0006667 


.0007500 


.0008333 


6 


7 


.0001944 


.0002917 


.0003889 


. 0004861 


.0005833 


. 0006806 


.0007778 


.0008750 


.0009722 


7 


8 


.0002222 


.0003333 


.0004444 


.0005556 


.0006667 


.0007778 


.0008889 


.0010000 


.0011111 


8 


9 


.0002500 


.0003750 


.0005000 


.0006250 


. 0007500 


.0008750 


.0010000 


.0011250 


.0012500 


9 


10 


.0002778 


.0004167 


.0005556 


.0006944 


.0008333 


.0009722 


.0011111 


.0012500 


.0013889 


10 


11 


.0003056 


.0004583 


.0006111 


.0007639 


.0009167 


.0010694 


.0012222 


.0013750 


.0015278 


11 


12 


.0003333 


.0005000 


.0006667 


.0008333 


.0010000 


.0011667 


.0013333 


.0015000 


.0016667 


13 


13 


.0003611 


. 0005417 


.0007222 


. 0009028 


. 0010833 


. 0012639 


. 0014444 


.0016250 


.0018056 


13 


14 


.0003889 


.0005833 


.0007778 


.0009722 


.0011667 


.0013611 


.0015556 


.0017500 


.0019444 


14 


15 


.0004167 


.0006250 


.0008333 


.0010417 


.0012500 


.0014583 


.0016667 


.0018750 


.0020833 


15 


16 


.0004444 


.0006667 


.0008889 


.0011111 


.0013333 


. 0015556 


.0017778 


.0020000 


.0022222 


16 


17 


.0004722 


.0007083 


.0009444 


.0011806 


.0014167 


.0016528 


.0018889 


.0021250 


.0023611 


17 


18 


.0005000 


.0007500 


.0010000 


.0012500 


.0015000 


.0017500 


.0020000 


.0022500 


.0025000 


18 


19 


.0005278 


. 0007917 


. 0010556 


.0013194 


.0015833 


. 0018472 


.0021111 


.0023750 


.0026389 


19 


30 


.0005556 


.0008333 


.0011111 


.0013889 


.0016667 


.0019444 


.0022222 


.0025000 


.0027778 


. ^^ 


31 


.0005833 


.0008750 


.0011667 


.0014583 


.0017500 


.0020417 


.0023333 


.0026250 


.0029167 


31 


33 


.0006111 


.0009167 


.0012222 


.0015278 


.0018333 


.0021389 


.0024444 


.0027500 


.0030556 


33 


33 


.0006389 


.0009583 


. 0012778 


.0015972 


.0019167 


.0022361 


. 0025556 


.0028750 


.0031944 


33 


34 


.0006667 


.0010000 


.0013333 


.0016667 


.0020000 


.0023333 


.0026667 


.0030000 


.0033333 


34 


35 


.0006944 


.0010417 


.0013889 


.0017361 


.0020833 


.0024306 


.0027778 


.0031250 


.0034722 


35 


36 


.0007222 


.0010833 


.0014444 


.0018056 


.0021667 


.0025278 


.0028889 


.0032500 


.0036111 


36 


37 


.0007500 


.0011250 


.0015000 


.0018750 


.0022500 


.0026250 


.0030000 


.0033750 


.0037500 


37 


38 


.0007778 


.0011667 


.0015556 


.0019444 


.0023333 


.0027222 


.0031111 


.0035000 


.0038889 


38 


39 


.0008056 


.0012083 


.0016111 


.0020139 


.0024167 


.0028194 


.0032222 


.0036250 


.0040278 


39 


30 


.0008333 


.0012500 


.0016667 


.0020833 


.0025000 


.0029167 


.0033333 


.0037500 


.0041667 


30 


31 


.0008611 


.0012917 


.0017222 


.0021528 


.0025833 


.0030139 


.0034444 


.0038750 


.0043056 


31 


33 


.0008889 


.0013333 


.0017778 


.0022222 


.0026667 


.0031111 


.0035556 


.0040000 


.0044444 


33 


33 


.0009167 


.0013750 


. 0018333 


.0022917 


.0027500 


.0032083 


.0036667 


.0041250 


.0045833 


33 


34 


.0009444 


.0014167 


.0018889 


.0023611 


.0028333 


.0033056 


. 0037778 


. 0042500 


. 0047222 


34 


35 


.0009722 


.0014583 


.0019444 


.0024306 


.0029167 


.0034028 


.0038889 


.0043750 


.0048611 


35 




1% 


1^% 


3% 


33^% 


3% 


33^% 


4% 


43^% 


5% 





INTEREST ON ONE DOLLAR 



39 





BASIS: DAYS 360 ^^^ ANNUM 




Days 




Days 






















5^% 


6% 


6H% 


7% 


7H% 


8% 


8>^% 


9% 


9^% 




1 


.0001528 


.0001667 


.0001806 


.0001944 


.0002083 


.0002222 


.0002361 


.0002500 


.0002639 


1 


2 


.0003056 


.0003333 


.0003611 


. 0003889 


.0004167 


.0004444 


.0004722 


.0005000 


.0005278 


3 


3 


.0004583 


.0005000 


.0005417 


. 0005833 


.0006250 


.0006667 


.0007083 


.0007500 


.0007917 


3 


4 


.0006111 


.0006667 


.0007222 


.0007778 


.0008333 


.0008889 


.0009444 


.0010000 


.0010556 


4 


5 


.0007639 


.0008333 


.0009028 


.0009722 


.0010417 


.0011111 


.0011806 


.0012500 


.0013194 


5 


6 


.0009167 


.0010000 


.0010833 


.0011667 


.0012500 


.0013333 


.0014167 


.0015000 


.0015833 


6 


7 


.0010694 


.0011667 


.0012639 


.0013611 


.0014583 


.0015556 


.0016528 


.0017500 


.0018472 


7 


8 


.0012222 


.0013333 


.0014444 


.0015556 


.0016667 


.0017778 


.0018889 


.0020000 


.0021111 


8 


9 


.0013750 


. 0015000 


.0016250 


.0017500 


.0018750 


.0020000 


.0021250 


.0022500 


.0023750 


9 


10 


.0015278 


.0016667 


.0018056 


.0019444 


.0020833 


.0022222 


.0023611 


.0025000 


.0026389 


10 


11 


.0016806 


.0018333 


.0019861 


.0021389 


.0022917 


.0024444 


.0025972 


.0027500 


.0029028 


11 


12 


.0018333 


.0020000 


.0021667 


.0023333 


.0025000 


.0026667 


.0028333 


.0030000 


.0031667 


13 


13 


.0019861 


.0021667 


.0023472 


.0025278 


.0027083 


.0028889 


.0030694 


.0032500 


.0034306 


13 


14 


.0021389 


.0023333 


.0025278 


.0027222 


.0029167 


.0031111 


.0033056 


.0035000 


.0036944 


14 


15 


.0022917 


.0025000 


. 0027083 


.0029167 


.0031250 


.0033333 


.0035417 


.0037500 


.0039583 


15 


16 


.0024444 


.0026667 


.0028889 


.0031111 


.0033333 


.0035556 


.0037778 


.0040000 


.0042222 


16 


17 


.0025972 


.0028333 


.0030694 


.0033056 


.0035417 


.0037778 


.0040139 


.0042500 


.0044861 


17 


18 


.0027500 


.0030000 


.0032500 


.0035000 


.0037500 


.0040000 


.0042500 


.0045000 


.0047500 


18 


19 


.0029028 


.0031667 


.0034306 


.0036944 


.0039583 


.0042222 


.0044861 


.0047500 


.0050139 


19 


20 


.0030556 


.0033333 


.0036111 


.0038889 


.0041667 


.0044444 


.0047222 


.0050000 


.0052778 


30 


21 


.0032083 


.0035000 


.0037917 


.0040833 


.0043750 


.0046667 


.0049583 


.0052500 


.0055417 


31 


33 


.0033611 


.0036667 


.0039722 


.0042778 


.0045833 


.0048889 


.0051944 


.0055000 


.0058056 


33 


23 


.0035139 


.0038333 


.0041528 


.0044722 


.0047917 


.0051111 


.0054306 


. 0057500 


.0060694 


33 


34 


.0036667 


.0040000 


. 0043333 


.0046667 


.0050000 


.0053333 


.0056667 


.0060000 


.0063333 


34 


35 


.0038194 


.0041667 


.0045139 


.0048611 


.0052083 


.0055556 


.0059028 


.0062500 


.0065972 


35 


36 


.0039722 


.0043333 


.0046944 


.0050556 


.0054167 


.0057778 


.0061389 


.0065000 


.0068611 


36 


37 


.0041250 


.0045000 


.0048750 


.0052500 


.0056250 


.0060000 


.0063750 


.0067500 


.0071250 


37 


38 


.0042778 


.0046667 


.0050556 


.0054444 


.0058333 


.0062222 


.0066111 


.0070000 


.0073889 


38 


39 


.0044306 


.0048333 


.0052361 


.0056389 


.0060417 


.0064444 


.0068472 


.0072500 


.0076528 


39 


30 


.0045833 


.0050000 


.0054167 


.0058333 


.0062500 


.0066667 


.0070833 


.0075000 


.0079167 


30 


31 


.0047361 


.0051667 


.0055972 


.0060278 


.0064583 


.0068889 


.0073194 


.0077500 


.0081806 


31 


33 


.0048889 


.0053333 


.0057778 


.0062222 


.0066667 


.0071111 


.0075556 


.0080000 


.0084444 


33 


33 


.0050417 


.0055000 


.0059583 


.0064167 


.0068750 


.0073333 


.0077917 


.0082500 


.0087083 


33 


34 


.0051944 


.0056667 


.0061389 


.0066111 


.0070833 


.0075556 


.0080278 


.0085000 


.0089722 


34 


35 


.0053472 


.0058333 


.0063194 


.0068056 


.0072917 


.0077778 


.0082639 


.0087500 


.0092361 


35 




53^% 


6% 


63^% 


7% 


^^% 


8% 


8>^% 


9% 


93^% 





40 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 360 ^™ ANNUM 




Days 




Days 






















1% 


iy2% 


2% 


2^% 


3% 


3^% 


4% 


43^% 


5% 




36 


.0010000 


.0015000 


.0020000 


.0025000 


.0030000 


.0035000 


.0040000 


.0045000 


.0050000 


36 


37 


.001027'8 


.0015417 


.0020556 


.0025694 


.0030833 


.0035972 


..0041111 


.0046250 


.0051389 


37 


38 


.0010556 


.0015833 


.0021111 


.0026389 


.0031667 


.0036944 


.0042222 


.0047500 


.0052778 


38 


39 


.0010833 


.0016250 


.0021667 


.0027083 


.0032500 


.0037917 


.0043333 


.0048750 


.0054167 


39 


40 


.0011111 


.0016667 


.0022222 


.0027778 


.0033333 


.0038889 


.0044444 


.0050000 


.0055556 


40 


41 


.0011389 


.0017083 


.0022778 


.0028472 


.0034167 


.0039861 


.0045556 


.0051250 


.0056944 


41 


43 


.0011667 


.0017500 


.0023333 


.0029167 


. 0035000 


.0040833 


.0046667 


.0052500 


.0058333 


43 


43 


.0011944 


.0017917 


.0023889 


.0029861 


.0035833 


.0041806 


.0047778 


.0053750 


.0059722 


43 


44 


.0012222 


.0018333 


. 0024444 


. 0030556 


. 0036667 


.0042778 


.0048889 


.0055000 


.0061111 


44 


45 


. 0012500 


.0018750 


.0025000 


.0031250 


.0037500 


.0043750 


.0050000 


.0056250 


.0062500 


45 


46 


.0012778 


.0019167 


.0025556 


.0031944 


.0038333 


.0044722 


.0051111 


.0057500 


.0063889 


46 


47 


.0013056 


.0019583 


.0026111 


. 0032639 


.0039167 


. 0045694 


.0052222 


.0058750 


.0065278 


47 


48 


.0013333 


.0020000 


.0026667 


.0033333 


.0040000 


.0046667 


.0053333 


.0060000 


.0066667 


4S 


49 


.0013611 


.0020417 


.0027222 


. 0034028 


.0040833 


.0047639 


.0054444 


.0061250 


.0068056 


49 


50 


.0013889 


.0020833 


.0027778 


. 0034722 


.0041667 


.0048611 


.0055556 


.0062500 


.0069444 


50 


51 


.0014167 


.0021250 


.0028333 


.0035417 


. 0042500 


. 0049583 


.0056667 


.0063750 


.0070833 


51 


52 


.0014444 


.0021667 


.0028889 


.0036111 


.0043333 


.0050556 


.0057778 


.0065000 


.0072222 


53 


53 


.0014722 


.0022083 


.0029444 


.0036806 


.0044167 


.0051528 


.0058889 


.0066250 


.0073611 


53 


54 


.0015000 


.0022500 


.0030000 


.0037500 


.0045000 


.0052500 


.0060000 


.0067500 


.0075000 


54 


55 


.0015278 


.0022917 


.0030556 


.0038194 


.0045833 


.0053472 


.0061111 


.0068750 


.0076389 


55 


56 


.0015556 


.0023333 


.0031111 


.0038889 


.0046667 


. 0054444 


.0062222 


.0070000 


.0077778 


56 


57 


.0015833 


. 0023750 


.0031667 


. 0039583 


.0047500 


.0055417 


.0063333 


.0071250 


.0079167 


57 


58 


.0016111 


.0024167 


.0032222 


.0040278 


.0048333 


. 0056389 


.0064444 


.0072500 


.0080556 


58 


59 


.0016389 


.0024583 


.0032778 


.0040972 


.0049167 


.0057361 


.0065556 


.0073750 


.0081944 


59 


60 


.0016667 


.0025000 


.0033333 


.0041667 


.0050000 


.0058333 


.0066667 


.0075000 


.0083333 


60 


61 


.0016944 


.0025417 


.0033889 


.0042361 


.0050833 


.0059306 


.0067778 


.0076250 


.0084722 


61 


6;^ 


.0017222 


.0025833 


.0034444 


.0043056 


.0051667 


.0060278 


.0068889 


.0077500 


.0086111 


63 


63 


.0017500 


.0026250 


.0035000 


.0043750 


.0052500 


.0061250 


.0070000 


.0078750 


.0087500 


63 


64 


.0017778 


.0026667 


.0035556 


.0044444 


.0053333 


.0062222 


.0071111 


.0080000 


.0088889 


64 


65 


.0018056 


.0027083 


.0036111 


.0045139 


.0054167 


.0063194 


.0072222 


. 0081250 


.0090278 


65 


66 


.0018333 


.0027500 


.0036667 


.0045833 


.0055000 


.0064167 


.0073333 


.0082500 


.0091667 


66 


67 


.0018611 


.0027917 


.0037222 


.0046528 


.0055833 


.0065139 


.0074444 


.0083750 


.0093056 


67 


68 


.0018889 


.0028333 


.0037778 


.0047222 


.0056667 


.0066111 


.0075556 


.0085900 


.0094444 


68 


69 


.0019167 


.0028750 


.0038333 


.0047917 


.0057500 


.0067083 


.0076667 


.0086250 


.0095833 


69 


70 


.0019444 


.0029167 


.0038889 


.0048611 


.0058333 


.0068056 


.0077778 


.0087500 


.0097222 


70 




1% 


1^% 


3% 


2y2% 


3% * 


33^% 


4% 


4^% 


5% 





INTEREST ON ONE DOLLAR 



41 





BASIS: DATS ^fiO ^*^ ANNUM 




Days 




Days 






















5H% 


6% 


6^% 


7% 


73^% 


8% 


83^^% 


9% 


9y2% 




36 


.0055000 


.0060000 


. 0065000 


.0070000 


.0075000 


.0080000 


.0085000 


.0090000 


.0095000 


36 


37 


.0056528 


.0061667 


.0066806 


.0071944 


.0077083 


.0082222 


.0087361 


.0092500 


.0097639 


37 


38 


.0058056 


.0063333 


.0068611 


.0073889 


.0079167 


.0084444 


. 0089722 


.0095000 


.0100278 


38 


39 


.0059583 


.0065000 


.0070417 


.0075833 


.0081250 


. 0086667 


. 0092083 


.0097500 


.0102917 


39 


40 


.0061111 


.0066667 


.0072222 


.0077778 


.0083333 


.0088889 


.0094444 


.0100000 


.0105556 


40 


41 


.0062639 


.0068333 


.0074028 


.0079722 


.0085417 


.0091111 


.0096806 


.0102500 


.0108194 


41 


43 


.0064167 


.0070000 


.0075833 


.0081667 


.0087500 


.0093333 


.0099167 


.0105000 


.0110833 


42 


43 


. 0065694 


.0071667 


.0077639 


.0083611 


. 0089583 


.0095556 


.0101528 


.0107500 


.0113472 


43 


44 1 


1.0067222 


.0073333 


. 0079444 


.0085556 


. 0091667 


.0097778 


.0103889 


.0110000 


.0116111 


44 


45 ! 


.0068750 


.0075000 


.0081250 


.0087500 


.0093750 


.0100000 


.0106250 


.0112500 


.0118750 


45 


46 1 


.0070278 


.0076667 


.0083056 


.0089444 


.0095833 


.0102222 


.0108611 


.0115000 


.0121389 


46 


47 


. 0071806 


.0078333 


.0084861 


. 0091389 


. 0097917 


.0104444 


.0110972 


.0117500 


. 0124028 


47 


48 1 


.0073333 


.0080000 


.0086667 


.0093333 


.0100000 


.0106667 


.0113333 


.0120000 


.0126667 


48 


49 i 


.0074861 


.0081667 


.0088472 


.0095278 


.0102083 


.0108889 


.0115694 


.0122500 


.0129306 


49 


50 

i 


.0076389 


.0083333 


.0090278 


.0097222 


.0104167 


.0111111 


.0118056 


.0125000 


.0131944 


50 


51 i 


.0077917 


.0085000 


.0092083 


.0099167 


.0106250 


.0113333 


.0120417 


.0127500 


.0134583 


51 


53 j 


.0079444 


.0086667 


.0093889 


.0101111 


.0108333 


.0115556 


.0122778 


.0130000 


.0137222 


53 


53 j 


.0080972 


.0088333 


.0095694 


.0103056 


.0110417 


.0117778 


.0125139 


.0132500 


.0139861 


53 


54 i 


.0082500 


.0090000 


.0097500 


. 0105000 


.0112500 


.0120000 


.0127500 


.0135000 


. 0142500 


54 


55 


.0084028 


.0091667 


.0099306 


.0106944 


.0114583 


.0122222 


.0129861 


.0137500 


.0145139 


55 


56 


.0085556 


.0093333 


.0101111 


.0108889 


.0116667 


.0124444 


.0132222 


.0140000 


.0147778 


56 


57 


.0087083 


.0095000 


.0102917 


.0110833 


.0118750 


.0126667 


.0134583 


.0142500 


.0150417 


57 


58 


.0088611 


.0096667 


.0104722 


.0112778 


.0120833 


. 0128889 


.0136944 


.0145000 


. 0153056 


58 


59 


.0090139 .0098333 


.0106528 


.0114722 


.0122917 


.0131111 


.0139306 


.0147500 


.0155694 


59 


60 


.0091667 


.0100000 


.0108333 


.0116667 


.0125000 


.0133333 


.0141667 


.0150000 


.0158333 


60 


61 


.0093194 


.0101667 


.0110139 


.0118611 


.0127083 


.0135556 


.0144028 


.0152500 


.0160972 


61 


63 


.0094722 


.0103333 


.0111944 


.0120556 


.0129167 


.0137778 


.0146389 


.0155000 


.0163611 


63 


63 


.0096250 


.0105000 


.0113750 


.0122500 


.0131250 


.0140000 


.0148750 


.0157500 


.0166250 


63 


64 


.0097778 


.0106667 


.0115556 


.0124444 


.0133333 


.0142222 


.0151111 


.0160000 


.0168889 


64 


65 1 


.0099306 


.0108333 


.0117361 


.0126389 


.0135417 


. 0144444 


.0153472 


.0162500 


.0171528 


65 


66 


.0100833 


.0110000 


.0119167 


.0128333 


.0137500 


.0146667 


.0155833 


.0165000 


.0174167 


66 


67 


.0102361 


.0111667 


.0120972 


.0130278 


.0139583 


.0148889 


.0158194 


.0167500 


.0176806 


67 


68 


.0103889 


.0113333 


.0122778 


.0132222 


.0141667 


.0151111 


.0160556 


.0170000 


.0179444 


68 


69 


.0105417 


.0115000 


.0124583 


.0134167 


.0143750 


.0153333 


.0162917 


.0172500 


.0182083 


69 


70 


.0106944 


.0116667 


.0126389 


.0136111 


.0145833 


.0155556 


. 0165278 


.0175000 


.0184722 


70 




5K% 


6% 


6H% 


7% 


7^% 


8% 


8^% 


9% 


93^% 





42 



INTEREST ON ONE DOLLAR 



Days 


BASIS: DAYS 360 ^^* ANNUM 


Days 






















1% 


1^% 


3% 


33^% 


3% 


3^% 


4% 


4H% 


5% 




71 


.0019722 


.0029583 


.0039444 


.0049306 


.0059167 


.0069028 


.0078889 


.0088750 


.0098611 


71 


72 


.0020000 


.0030000 


.0040000 


.0050000 


.0060000 


.0070000 


.0080000 


.0090000 


.0100000 


73 


73 


.0020278 


.0030417 


.0040556 


.0050694 


.0060833 


.0070972 


.0081111 


.0091250 


.0101389 


73 


74 


.0020556 


.0030833 


.0041111 


.0051389 


.0061667 


.0071944 


.0082222 


.0092500 


.0102778 


74 


75 


.0020833 


.0031250 


.0041667 


.0052083 


.0062500 


.0072917 


.0083333 


.0093750 


.0104167 


75 


76 


.0021111 


.0031667 


.0042222 


.0052778 


.0063333 


.0073889 


.0084444 


.0095000 


.0105556 


76 


77 


.0021389 


.0032083 


.0042778 


.0053472 


.0064167 


.0074861 


.0085556 


.0096250 


.0106944 


77 


78 


. 0021667 


.0032500 


.0043333 


.0054167 


.0065000 


.0075833 


.0086667 


.0097500 


.0108333 


78 


79 


. 0021944 


.0032917 


. 0043889 


.0054861 


.0065833 


.0076806 


.0087778 


.0098750 


.0109722 


79 


80 


.0022222 


.0033333 


.0044444 


.0055556 


.0066667 


.0077778 


.0088889 


.0100000 


.0111111 


80 


81 


.0022500 


.0033750 


.0045000 


.0056250 


.0067500 


.0078750 


.0090000 


.0101250 


.0112500 


81 


83 


. 0022778 


. 0034167 


. 0045556 


.0056944 


.0068333 


.0079722 


.0091111 


.0102500 


.0113889 


83 


83 


.0023056 


.0034583 


.0046111 


.0057639 


.0069167 


.0080694 


. 0092222 


.0103750 


.0115278 


83 


84 


.0023333 


.0035000 


.0046667 


.0058333 


.0070000 


.0081667 


.0093333 


.0105000 


.0116667 


84 


85 


.0023611 


. 0035417 


.0047222 


.0059028 


.0070833 


.0082639 


.0094444 


.0106250 


.0118056 


85 


86 


.0023889 


.0035833 


.0047778 


.0059722 


.0071667 


.0083611 


.0095556 


.0107500 


.0119444 


86 


87 


.0024167 


.0036250 


.0048333 


.0060417 


.0072500 


.0084583 


.0096667 


.0108750 


.0120833 


87 


88 


.0024444 


.0036667 


.0048889 


.0061111 


.0073333 


.0085556 


. 0097778 


.0110000 


.0122222 


88 


89 


.0024722 


.0037083 


.0049444 


.0061806 


.0074167 


. 0086528 


.0098889 


.0111250 


.0123611 


89 


90 


.0025000 


.0037500 


.0050000 


.0062500 


.0075000 


.0087500 


.0100000 


.0112500 


.0125000 


90 


91 


.0025278 


.0037917 


.0050556 


.0063194 


.0075833 


.0088472 


.0101111 


.0113750 


.0126389 


91 


9Z 


.0025556 


.0038333 


.0051111 


.0063889 


.0076667 


.0089444 


.0102222 


.0115000 


.0127778 


93 


93 


.0025833 


.0038750 


.0051667 


.0064583 


.0077500 


. 0090417 


.0103333 


.0116250 


.0129167 


93 


94 


.0026111 


.0039167 


. 0052222 


.0065278 


.0078333 


.0091389 


.0104444 


.0117500 


.0130556 


94 


95 


.0026389 


.0039583 


.0052778 


.0065972 


.0079167 


.0092361 


.0105556 


.0118750 


.0131944 


95 


96 


.0026667 


.0040000 


.0053333 


.0066667 


.0080000 


.0093333 


.0106667 


.0120000 


. 0133333 


96 


97 


.0026944 


.0040417 


.0053889 


.0067361 


.0080833 


.0094306 


.0107778 


.0121250 


.0134722 


97 


98 


.0027222 


.0040833 


.0054444 


.0068056 


.0081667 


.0095278 


.0108889 


.0122500 


.0136111 


98 


99 


.0027500 


.0041250 


.0055000 


.0068750 


.0082500 


.0096250 


.0110000 


.0123750 


.0137500 


99 


100 


.0027778 


.0041667 


.0055556 


. 0069444 


.0083333 


.0097222 


.0111111 


.0125000 


.0138889 


100 


101 


.0028056 


.0042083 


.0056111 


.0070139 


.0084167 


.0098194 


.0112222 


.0126250 


.0140278 


101 


103 


.0028333 


.0042500 


.0056667 


.0070833 


.0085000 


.0099167 


.0113333 


.0127500 


.0141667 


103 


103 


.0028611 


.0042917 


.0057222 


.0071528 


.0085833 


.0100139 


.0114444 


.0128750 


.0143056 


103 


104 


.0028889 


.0043333 


.0057778 


.0072222 


.0086667 


.0101111 


.0115556 


.0130000 


. 0144444 


104 


105 


.0029167 


.0043750 


.0058333 


.0072917 


.0087500 


.0102083 


.0116667 


.0131250 


.0145833 


105 




1% 


1K% 


2% 


2K% 


3% 


3>^% 


4% 


43^% 


5% 





INTEREST ON ONE DOLLAR 



43 





BASIS: DAYS 360 ^™ ANNUM 




Days 




Days 






















53^% 


6% 


6K% 


7% 


7H% 


8% 


834% 


9% 


9H% 




71 


.0108472 


.0118333 


.0128194 


.0138056 


.0147917 


.0157778 


.0167639 


.0177500 


.0187361 


71 


73 


.0110000 


.0120000 


.0130000 


.0140000 


.0150000 


.0160000 


.0170000 


.0180000 


.0190000 


73 


73 


.0111528 


.0121667 


.0131806 


.0141944 


.0152083 


.0162222 


.0172361 


.0182500 


.0192639 


73 


74 


.0113056 


.0123333 


.0133611 


. 0143889 


.0154167 


.0164444 


.0174722 


.0185000 


.0195278 


74 


75 


.0114583 


.0125000 


.0135417 


.0145833 


.0156250 


.0166667 


.0177083 


.0187500 


.0197917 


75 


76 


.0116111 


.0126667 


.0137222 


.0147778 


.0158333 


.0168889 


.0179444 


.0190000 


.0200556 


76 


77 


.0117639 


.0128333 


.0139028 


.0149722 


.0160417 


.0171111 


.0181806 


.0192500 


.0203194 


77 . 


78 


.0119167 


.0130000 


.0140833 


.0151667 


. 0162500 


.0173333 


.0184167 


.0195000 


.0205833 


78 


79 


.0120694 


.0131667 


.0142639 


.0153611 


.0164583 


.0175556 


.0186528 


.0197500 


.0208472 


79 


80 


.0122222 


.0133333 


. 0144444 


. 0155556 


.0166667 


.0177778 


.0188889 


.0200000 


.0211111 


80 


81 


.0123750 


.0135000 


.0146250 


.0157500 


.0168750 


.0180000 


.0191250 


.0202500 


.0213750 


81 


8Z 


.0125278 


.0136667 


.0148056 


. 0159444 


.0170833 


.0182222 


.0193611 


.0205000 


.0216389 


83 


83 


.0126806 


.0138333 


.0149861 


.0161389 


.0172917 


. 0184444 


.0195972 


.0207500 


.0219028 


83 


84 


.0128333 


.0140000 


.0151667 


.0163333 


.0175000 


.0186667 


.0198333 


.0210000 


.0221667 


84 


85 


.0129861 


.0141667 


.0153472 


.0165278 


.0177083 


.0188889 


.0200694 


.0212500 


. 0224306 


85 


86 


.0131389 


.0143333 


.0155278 


.0167222 


.0179167 


.0191111 


.0203056 


.0215000 


.0226944 


86 


87 


.0132917 


.0145000 


.0157083 


.0169167 


.0181250 


.0193333 


. 0205417 


.0217500 


.0229583 


87 


88 


.0134444 


.0146667 


.0158889 


.0171111 


.0183333 


.0195556 


.0207778 


.0220000 


.0232222 


88 


89 


.0135972 


.0148333 


.0160694 


.0173056 


.0185417 


.0197778 


.0210139 


.0222500 


.0234861 


89 


90 


.0137500 


.0150000 


.0162500 


.0175000 


.0187500 


.0200000 


. 0212500 


. 0225000 


.0237500 


90 


91 


.0139028 


.0151667 


.0164306 


.0176944 


.0189583 


.0202222 


.0214861 


.0227500 


.0240139 


91 


92 


.0140556 


.0153333 


.0166111 


.0178889 


.0191667 


.0204444 


.0217222 


.0230000 


.0242778 


93 


93 


.0142083 


.0155000 


.0167917 


.0180833 


.0193750 


.0206667 


.0219583 


.0232500 


.0245417 


93 


94 


.0143611 


.0156667 


.0169722 


.0182778 


. 0195833 


.0208889 


.0221944 


.0235000 


.0248056 


94 


95 


.0145139 


.0158333 


.0171528 


.0184722 


.0197917 


.0211111 


.0224306 


.0237500 


.0250694 


95 


96 


.0146667 


.0160000 


.0173333 


.0186667 


.0200000 


.0213333 


.0226667 


.0240000 


.0253333 


96 


97 


.0148194 


.0161667 


.0175139 


.0188611 


.0202083 


.0215556 


.0229028 


.0242500 


.0255972 


97 


98 


.0149722 


.0163333 


.0176944 


.0190556 


. 0204167 


.0217778 


.0231389 


.0245000 


.0258611 


98 


99 


.0151250 


.0165000 


.0178750 


.0192500 


.0206250 


.0220000 


.0233750 


.0247500 


.0261250 


99 


100 


.0152778 


.0166667 


.0180556 


.0194444 


.0208333 


.0222222 


.0236111 


.0250000 


.0263889 


100 


101 


.0154306 


.0168333 


.0182361 


.0196389 


.0210417 


.0224444 


.0238472 


.0252500 


. 0266528 


101 


103 


.0155833 


.0170000 


.0184167 


.0198333 


.0212500 


. 0226667 


.0240833 


.0255000 


.0269167 


103 


103 


.0157361 


.0171667 


.0185972 


.0200278 


.0214583 


.0228889 


.0243194 


.0257500 


.0271806 


103 


104 


.0158889 


.0173333 


.0187778 


.0202222 


.0216667 


.0231111 


.0245556 


.0260000 


.0274444 


104 


105 


.0160417 


.0175000 


. 0189583 


.0204167 


.0218750 


.0233333 


.0247917 


.0262500 


.0277083 


105 




53^% 


6% 


ey2% 


7% 


73^% 


8% 


834% 


9% 


93^% 





44 



INTEREST ON ONE DOLLAR 



Days 


BASIS: DAYS 360 ^^^ ANNUM 


Days 






















1% 


1^% 


2% 


3K% 


3% 


33^% 


4% 


^y2% 


5% 




106 


.0029444 


.0044167 


.0058889 


.0073611 


.0088333 


.0103056 


.0117778 


.0132500 


.0147222 


106 


107 


.0029722 


.0044583 


.0059444 


.0074306 


.0089167 


.0104028 


.0118889 


.0133750 


.0148611 


107 


108 


.0030000 


.0045000 


.0060000 


.0075000 


.0090000 


.0105000 


.0120000 


.0135000 


.0150000 


108 


109 


.0030278 


.0045417 


.0060556 


.0075694 


.0090833 


.0105972 


.0121111 


.0136250 


.0151389 


109 


110 


.0030556 


.0045833 


.0061111 


.0076389 


.0091667 


.0106944 


.0122222 


.0137500 


.0152778 


110 


111 


.0030833 


.0046250 


.0061667 


.0077083 


.0092500 


.0107917 


.0123333 


.0138750 


.0154167 


111 


112 


.0031111 


.0046667 


.0062222 


.0077778 


.0093333 


.0108889 


.0124444 


.0140000 


.0155556 


113 


113 


.0031389 


.0047083 


.0062778 


.0078472 


.0094167 


.0109861 


.0125556 


.0141250 


.0156944 


113 


114 


. 0031667 


.0047500 


.0063333 


.0079167 


.0095000 


.0110833 


.0126667 


.0142500 


.0158333 


114 


115 


.0031944 


.0047917 


.0063889 


.0079861 


.0095833 


.0111806 


.0127778 


.0143750 


.0159722 


115 


116 


.0032222 


.0048333 


.0064444 


.0080556 


.0096667 


.0112778 


.0128889 


.0145000 


.0161111 


116 


117 


.0032500 


.0048750 


.0065000 


.0081250 


.0097500 


.0113750 


.0130000 


.0146250 


.0162500 


117 


118 


.0032778 


.0049167 


.0065556 


.0081944 


.0098333 


.0114722 


.0131111 


.0147500 


.0163889 


118 


119 


.0033056 


.0049583 


.0066111 


.0082639 


.0099167 


.0115694 


.0132222 


.0148750 


.0165278 


119 


130 


.0033333 


.0050000 


.0066667 


.0083333 


.0100000 


.0116667 


.0133333 


.0150000 


.0166667 


130 


121 


.0033611 


.0050417 


.0067222 


.0084028 


.0100833 


.0117639 


.0134444 


.0151250 


.0168056 


131 


m 


.0033889 


.0050833 


.0067778 


.0084722 


.0101667 


.0118611 


.0135556 


.0152500 


.0169444 


133 


133 


.0034167 


.0051250 


.0068333 


.0085417 


.0102500 


.0119583 


.0136667 


.0153750 


.0170833 


133 


134 


.0034444 


.0051667 


.0068889 


.0086111 


.0103333 


.0120556 


.0137778 


.0155000 


.0172222 


134 


135 


. 0034722 


.0052083 


.0069444 


.0086806 


.0104167 


.0121528 


.0138889 


.0156250 


.0173611 


135 


136 


.0035000 


.0052500 


.0070000 


.0087500 


.0105000 


.0122500 


.0140000 


.0157500 


.0175000 


136 


137 


.0035278 


.0052917 


.0070556 


. 0088194 


.0105833 


.0123472 


.0141111 


.0158750 


.0176389 


137 


138 


.0035556 


.0053333 


.0071111 


.0088889 


.0106667 


.0124444 


.0142222 


.0160000 


.0177778 


138 


139 


.0035833 


. 0053750 


.0071667 


.0089583 


. 0107500 


.0125417 


.0143333 


.0161250 


.0179167 


139 


130 


.0036111 


.0054167 


.0072222 


.0090278 


.0108333 


.0126389 


.0144444 


.0162500 


.0180556 


130 


131 


.0036389 


.0054583 


.0072778 


.0090972 


.0109167 


.0127361 


.0145556 


.0163750 


.0181944 


131 


133 


.0036667 


.0055000 


.0073333 


.0091667 


.0110000 


.0128333 


.0146667 


.0165000 


.0183333 


133 


133 


.0036944 


.0055417 


.0073889 


.0092361 


.0110833 


.0129306 


.0147778 


.0166250 


.0184722 


133 


134 


.0037222 


.0055833 


.0074444 


.0093056 


.0111667 


.0130278 


.0148889 


.0167500 


.0186111 


134 


135 


.0037500 


.0056250 


.0075000 


.0093750 


.0112500 


.0131250 


.0150000 


.0168750 


.0187500 


135 


136 


.0037778 


.0056667 


.0075556 


.0094444 


.0113333 


.0132222 


.0151111 


.0170000 


.0188889 


136 


137 


.0038056 


.0057083 


.0076111 


.0095139 


.0114167 


.0133194 


.0152222 


.0171250 


.0190278 


137 


138 


.0038333 


.0057500 


.0076667 


.0095833 


.0115000 


.0134167 


.0153333 


.0172500 


.0191667 


138 


139 


.0038611 


.0057917 


.0077222 


.0096528 


.0115833 


.0135139 


.0154444 


.0173750 


.0193056 


139 


140 


.0038889 


.0058333 


.0077778 


.0097222 


.0116667 


.0136111 


.0155556 


0175000 


.0194444 


140 




1% 


1^% 


3% 


3H% 


3% 


3H% 


4% 


4K% 


5% 





INTEREST ON ONE DOLLAR 



45 



Days 


BASIS: DAYS (360 ^^^ ANNUM 


Days 






















5^% 


6% 


6K% 


7% 


^y2% 


8% 


8^% 


9% 


9J^% 




106 


.0161944 


.0176667 


.0191389 


.0206111 


.0220833 


.0235556 


.0250278 


.0265000 


.0279722 


106 


107 


.0163472 


.0178333 


.0193194 


.0208056 


.0222917 


.0237778 


.0252639 


.0267500 


.0282361 


107 


108 


.0165000 


.0180000 


.0195000 


.0210000 


.0225000 


.0240000 


.0255000 


.0270000 


.0285000 


108 


109 


.0166528 


.0181667 


.0196806 


.0211944 


.0227083 


.0242222 


.0257361 


.0272500 


.0287639 


109 


110 


.0168056 


.0183333 


.0198611 


.0213889 


.0229167 


.0244444 


.0259722 


.0275000 


.0290278 


110 


111 


.0169583 


.0185000 


.0200417 


.0215833 


.0231250 


.0246667 


.0262083 


.0277500 


.0292917 


HI 


113 


.0171111 


.0186667 


.0202222 


.0217778 


.0233333 


.0248889 


.0264444 


.0280000 


.0295556 


112 


113 


.0172639 


.0188333 


.0204028 


.0219722 


.0235417 


.0251111 


.0266806 


.0282500 


.0298194 


113 


lU 


.0174167 


.0190000 


.0205833 


. 0221667 


.0237500 


.0253333 


. 0269167 


.0285000 


.0300833 


114 


115 


.0175694 


.0191667 


.0207639 


.0223611 


.0239583 


.0255556 


.0271528 


.0287500 


.0303472 


115 


116 


.0177222 


.0193333 


.0209444 


.0225556 


.0241667 


.0257778 


.0273889 


.0290000 


.0306111 


116 


117 


.0178750 


.0195000 


.0211250 


.0227500 


.0243750 


.0260000 


.0276250 


.0292500 


.0308750 


117 


118 


.0180278 


.0196667 


.0213056 


.0229444 


.0245833 


.0262222 


.0278611 


.0295000 


.0311389 


118 


119 


.0181806 


.0198333 


.0214861 


.0231389 


.0247917 


.0264444 


.0280972 


.0297500 


.0314028 


119 


130 


.0183333 


.0200000 


.0216667 


.0233333 


.0250000 


.0266667 


.0283333 


.0300000 


.0316667 


120 


121 


.0184861 


.0201667 


.0218472 


.0235278 


.0252083 


.0268889 


.0285694 


.0302500 


.0319306 


121 


m 


.0186389 


.0203333 


.0220278 


.0237222 


.0254167 


.0271111 


.0288056 


. 0305000 


. 0321944 


122 


133 


.0187917 


.0205000 


.0222083 


.0239167 


. 0256250 


.0273333 


.0290417 


.0307500 


.0324583 


123 


124 


.0189444 


.0206667 


.0223889 


.0241111 


.0258333 


.0275556 


.0292778 


.0310000 


.0327222 


124 


125 


.0190972 


.0208333 


.0225694 


.0243056 


.0260417 


.0277778 


.0295139 


.0312500 


. 0329861 


125 


126 


.0192500 


.0210000 


.0227500 


.0245000 


.0262500 


.0280000 


.0297500 


.0315000 


.0332500 


126 


127 


.0194028 


.0211667 


.0229306 


.0246944 


.0264583 


.0282222 


.0299861 


.0317500 


.0335139 


127 


128 


.0195556 


.0213333 


.0231111 


.0248889 


.0266667 


.0284444 


.0302222 


.0320000 


.0337778 


128 


129 


.0197083 


.0215000 


.0232917 


.0250833 


.0268750 


.0286667 


.0304583 


.0322500 


.0340417 


129 


130 


.0198611 


.0216667 


.0234722 


.0252778 


.0270833 


.0288889 


.0306944 


.0325000 


.0343056 


130 


131 


.0200139 


.0218333 


.0236528 


.0254722 


.0272917 


.0291111 


. 0309306 


.0327500 


.0345694 


131 


132 


.0201667 


.0220000 


.0238333 


.0256667 


.0275000 


.0293333 


.0311667 


.0330000 


.0348333 


132 


133 


.0203194 


.0221667 


.0240139 


.0258611 


.0277083 


.0295556 


.0314028 


.0332500 


.0350972 


133 


134 


.0204722 


.0223333 


.0241944 


.0260556 


.0279167 


.0297778 


.0316389 


.0335000 


.0353611 


134 


135 


.0206250 


.0225000 


.0243750 


.0262500 


.0281250 


.0300000 


.0318750 


. 0337500 


.0356250 


135 


136 


.0207778 


.0226667 


.0245556 


.0264444 


.0283333 


.0302222 


.0321111 


.0340000 


.0358889 


136 


137 


.0209306 


.0228333 


.0247361 


.0266389 


.0285417 


.0304444 


.0323472 


.0342500 


.0361528 


137 


138 


.0210833 


.0230000 


.0249167 


.0268333 


.0287500 


.0306667 


.0325833 


.0345000 


.0364167 


138 


139 


.0212361 


.0231667 


.0250972 


.0270278 


.0289583 


.0308889 


.0328194 


.0347500 


.0366806 


139 


140 


.0213889 


.0233333 


.0252778 


.0272222 


.0291667 


.0311111 


.0330556 


.0350000 


.0369444 


140 




5K% 


6% 


6^% 


7% 


7>^% 


8% 


sy2% 


9% 


9^% 





46 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 360 ^^* ANNUM 




Days 




Days 






















1% 


13^% 


3% 


2>^% 


3% 


3>^% 


4% 


43^% 


5% 




141 


.0039167 


.0058750 


.0078333 


.0097917 


.0117500 


.0137083 


.0156667 


.0176250 


.0195833 


141 


U2 


.0039444 


.0059167 


.0078889 


.0098611 


.0118333 


.0138056 


. 0157778 


.0177500 


.0197222 


143 


143 


.0039722 


.0059583 


.0079444 


.0099306 


.0119167 


.0139028 


.0158889 


.0178750 


.0198611 


143 


144 


.0040000 


.0060000 


.0080000 


.0100000 


.0120000 


.0140000 


. 0160000 


.0180000 


.0200000 


144 


145 


.0040278 


.0060417 


.0080556 


.0100694 


.0120833 


.0140972 


.0161111 


.0181250 


.0201389 


145 


146 


.0040556 


.0060833 


.0081111 


.0101389 


.0121667 


.0141944 


.0162222 


.0182500 


.0202778 


146 


147 


. 0040833 


.0061250 


. 0081667 


.0102083 


. 0122500 


.0142917 


. 0163333 


.0183750 


. 0204167 


147 


148 


.0041111 


.0061667 


. 0082222 


.0102778 


.0123333 


.0143889 


.0164444 


.0185000 


.0205556 


148 


149 


. 0041389 


.0062083 


. 0082778 


.0103472 


.0124167 


.0144861 


. 0165556 


. 0186250 


. 0206944 


149 


150 


.0041667 


. 0062500 


.0083333 


.0104167 


.0125000 


.0145833 


.0166667 


.0187500 


.0208333 


150 


151 


.0041944 


. 0062917 


.0083889 


.0104861 


.0125833 


.0146806 


.0167778 


.0188750 


. 0209722 


151 


153 


.0042222 


.0063333 


. 0084444 


.0105556 


.0126667 


.0147778 


.01688891.0190000 


.0211111 


153 


153 


. 0042500 


. 0063750 


. 0085000 


.0106250 


.0127500 


. 0148750 


.0170000 


. 0191250 . 0212500 


153 


154 


. 0042778 


.0064167 


.0085556 


.0106944 


.0128333 


.0149722 


.0171111 


.0192500 


.0213889 


154 


155 


.0043056 


.0064583 


.0086111 


.0107639 


.0129167 


. 0150694 


. 0172222 


. 0193750 


.0215278 


155 


156 


.0043333 


.0065000 


.0086667 


. 0108333 


.0130000 


.0151667 


.0173333 


.01950001.0216667 


156 


157 


.0043611 


.0065417 


. 0087222 


.0109028 


.0130833 


.0152639 


.0174444 


.0196250 


.0218056 


157 


158 


.0043889 


.0065833 


.0087778 


.0109722 


.0131667 


.0153611 


.0175556 


.0197500 


.0219444 


158 


159 


.0044167 


.0066250 


.0088333 


.0110417 


. 0132500 


.0154583 


.0176667 


.0198750 


.0220833 


159 


160 


.0044444 


.0066667 


.0088889 


.0111111 


.0133333 


.0155556 


.0177778 


.0200000 


.0222222 


160 


161 


.0044722 


. 0067083 


. 0089444 


.0111806 


.0134167 


.0156528 


.0178889 


.0201250 


.0223611 


161 


163 


.0045000 


.0067500 


.0090000 


.0112500 


. 0135000 


.0157500 


. 0180000 


.0202500 


.0225000 


163 


163 


. 0045278 


.0067917 


. 0090556 


.0113194 


.0135833 


.0158472 


.0181111 


.0203750 


. 0226389 


163 


164 


0045556 


.0068333 


.0091111 


.0113889 


. 0136667 


. 0159444 


.0182222 


.0205000 


.0227778 


164 


165 


.0045833 


.0068750 


.0091667 


.0114583 


.0137500 


.0160417 


.0183333 


. 0206250 


.0229167 


165 


166 


.0046111 


.0069167 


.0092222 


.0115278 


.0138333 


.0161389 


. 0184444 


.0207500 


.0230556 


166 


167 


.0046389 


. 0069583 


. 0092778 


.0115972 


.0139167 


.0162361 


.0185556 


. 0208750 


.0231944 


167 


168 


.0046667 


.0070000 


.0093333 


.0116667 


.0140000 


.0163333 


.0186667 


.0210000 


.0233333 


168 


169 


.0046944 


.0070417 


.0093889 


.0117361 


.0140833 


. 0164306 


.0187778 


.0211250 


.0234722 


169 


170 


. 0047222 


.0070833 


.0094444 


.0118056 


.0141667 


.0165278 


.0188889 


.0212500 


.0236111 


170 


171 


. 0047500 


.0071250 


.0095000 


.0118750 


.0142500 


.0166250 


.0190000 


. 0213750 


.0237500 


171 


173 


. 0047778 


.0071667 


.0095556 


.0119444 


.0143333 


.0167222 


.0191111 


.0215000 


. 0238889 


173 


173 


.0048056 


.0072083 


.0096111 


.0120139 


.0144167 


.0168194 


.0192222 


.0216250 


.0240278 


173 


174 


.0048333 


.0072500 


.0096667 


.0120833 


.0145000 


.0169167 


. 0193333 


.0217500 


.0241667 


174 


175 


.0048611 


.0072917 


.0097222 


.0121528 


.0145833 


.0170139 


.0194444 


. 0218750 


.0243056 


175 




1% 


1^% 


3% 


3H% 


3% 


sy2% 


4% 


4>^% 


5% 





INTEREST ON ONE DOLLAR 



47 





BASIS: DAYS 360 ^^'^ ANNUM 




Days 




Days 






















5^% 


6% 


6^% 


7% 


7^% 


8% 


83^% 


9% 


93^% 




141 


.0215417 


.0235000 


.0254583 


.0274167 


.0293750 


.0313333 


.0332917 


.0352500 


.0372083 


141 


142 


.0216944 


.0236667 


.0256389 


.0276111 


.0295833 


.0315556 


.0335278 


.0355000 


.0374722 


143 


143 


.0218472 


.0238333 


.0258194 


.0278056 


.0297917 


. 0317778 


.0337639 


.0357500 


.0377361 


143 


144 


.0220000 


.0240000 


.0260000 


.0280000 


.0300000 


.0320000 


.0340000 


.0360000 


.0380000 


144 


145 


.0221528 


.0241667 


.0261806 


.0281944 


.0302083 


.0322222 


.0342361 


.0362500 


.0382639 


145 


146 


.0223056 


.0243333 


.0263611 


.0283889 


.0304167 


.0324444 


.0344722 


.0365000 


.0385278 


146 


147 


.0224583 


.0245000 


.0265417 


.0285833 


.0306250 


.0326667 


.0347083 


.0367500 


.0387917 


147 


148 


.0226111 


.0246667 


.0267222 


.0287778 


.0308333 


.0328889 


.0349444 


.0370000 


.0390556 


148 


149 


.0227639 


. 0248333 


.0269028 


.0289722 


.0310417 


.0331111 


.0351806 


.0372500 


.0393194 


149 


150 


.0229167 


.0250000 


. 0270833 


.0291667 


.0312500 


.0333333 


.0354167 


.0375000 


.0395833 


150 


151 


.0230694 


.0251667 


.0272639 


.0293611 


.0314583 


.0335556 


.0356528 


.0377500 


.0398472 


151 


153 


.0232222 


.0253333 


. 0274444 


.0295556 


.0316667 


.0337778 


.0358889 


.0380000 


.0401111 


153 


153 


.0233750 


. 0255000 


.0276250 


.0297500 


.0318750 


.0340000 


.0361250 


.0382500 


.0403750 


153 


154 


.0235278 


.0256667 


.0278056 


.0299444 


.0320833 


.0342222 


.0363611 


.0385000 


.0406389 


154 


155 


.0236806 


.0258333 


.0279861 


.0301389 


.0322917 


.0344444 


.0365972 


.0387500 


.0409028 


155 


156 


.0238333 


.0260000 


.0281667 


.0303333 


.0325000 


.0346667 


.0368333 


.0390000 


.0411667 


156 


157 


.0239861 


.0261667 


.0283472 


.0305278 


.0327083 


.0348889 


.0370694 


.0392500 


.0414306 


157 


158 


.0241389 


.0263333 


.0285278 


.0307222 


.0329167 


.0351111 


.0373056 


.0395000 


.0416944 


158 


159 


. 0242917 


.0265000 


.0287083 


.0309167 


.0331250 


.0353338 


.0375417 


.0397500 


.0419583 


159 


160 


.0244444 


.0266667 


.0288889 


.0311111 


.0333333 


.0355556 


.0377778 


.0400000 


.0422222 


160 


161 


.0245972 


.0268333 


. 0290694 


. 0313056 


.0335417 


.0357778 


.0380139 


.0402500 


.0424861 


161 


163 


.0247500 


.0270000 


.0292500 


.0315000 


.0337500 


.0360000 


.0382500 


.0405000 


.0427500 


163 


163 


.0249028 


.0271667 


.0294306 


.0316944 


.0339583 


.0362222 


.0384861 


.0407500 


.0430139 


163 


164 


.0250556 


.0273333 


.0296111 


.0318889 


.0341667 


.0364444 


.0387222 


.0410000 


.0432778 


164 


165 


.0252083 


.0275000 


.0297917 


.0320833 


.0343750 


.0366667 


.0389583 


.0412500 


.0435417 


165 


166 


.0253611 


.0276667 


.0299722 


.0322778 


.0345833 


.0368889 


.0391944 


.0415000 


.0438056 


166 


167 


.0255139 


.0278333 


.0301528 


. 0324722 


.0347917 


.0371111 


.0394306 


.0417500 


.0440694 


167 


168 


.0256667 


.0280000 


. 0303333 


. 0326667 


.0350000 


.0373333 


.0396667 


. 0420000 


.0443333 


168 


169 


.0258194 


.0281667 


.0305139 


.0328611 


.0352083 


.0375556 


.0399028 


.0422500 


.0445972 


169 


170 


.0259722 


.0283333 


.0306944 


.0330556 


.0354167 


.0377778 


.0401389 


.0425000 


.0448611 


170 


171 


.0261250 


.0285000 


.0308750 


.0332500 


.0356250 


.0380000 


.0403750 


.0427500 


.0451250 


171 


173 


.0262778 


.0286667 


.0310556 


.0334444 


.0358333 


.0382222 


.0406111 


.0430000 


.0453889 


173 


173 


.0264306 


.0288333 


.0312361 


.0336389 


.0360417 


.0384444 


.0408472 


.0432500 


.0456528 


173 


174 


.0265833 


.0290000 


.0314167 


.0338333 


.0362500 


.0386667 


.0410833 


.0435000 


.0459167 


174 


175 


.0267361 


.0291667 


.0315972 


.0340278 


.0364583 


.0388889 


.0413194 


.0437500 


.0461806 


175 




5M% 


6% 


63^% 


7% 


7^% 


8% 


83^% 


9% 


93^% 





48 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 360 ^^^ ANNUM 




Days 




Days 






















1% 


13^% 


3% 


3^% 


3% 


33^% 


4% 


4K% 


5% 




176 


.0048889 


.0073333 


.0097778 


.0122222 


.0146667 


.0171111 


.0195556 


.0220000 


.0244444 


176 


177 


.0049167 


.0073750 


.0098333 


.0122917 


. 0147500 


.0172083 


.0196667 


.0221250 


.0245833 


177 


178 


.0049444 


.0074167 


.0098889 


.0123611 


.0148333 


.0173056 


.0197778 


.0222500 


.0247222 


178 


179 


.0049722 


.0074583 


.0099444 


.0124306 


.0149167 


.0174028 


.0198889 


.0223750 


.0248611 


179 


ISO 


.0050000 


.0075000 


.0100000 


.0125000 


.0150000 


.0175000 


.0200000 


.0225000 


.0250000 


180 


181 


. 0050278 


.0075417 


.0100556 


.0125694 


.0150833 


. 0175972 


.0201111 


.0226250 


.0251389 


181 


182 


.0050556 


.0075833 


.0101111 


.0126389 


.0151667 


.0176944 


.0202222 


.0227500 


.0252778 


183 


183 


.0050833 


.0076250 


.0101667 


.0127083 


.0152500 


.0177917 


.0203333 


.0228750 


.0254167 


183 


184 


.0051111 


.0076667 


. 0102222 


.0127778 


.0153333 


.0178889 


.0204444 


.0230000 


.0255556 


184 


185 


.0051389 


.0077083 


.0102778 


.0128472 


.0154167 


.0179861 


.0205556 


.0231250 


.0256944 


185 


186 


.0051667 


.0077500 


.0103333 


.0129167 


.0155000 


.0180833 


.0206667 


.0232500 


.0258333 


186 


187 


.0051944 


. 0077917 


. 0103889 


.0129861 


.0155833 


. 0181806 


. 0207778 


.0233750 


.0259722 


187 


188 


. 0052222 


.0078333 


.0104444 


.0130556 


.0156667 


.0182778 


.0208889 


.0235000 


.0261111 


188 


189 


.0052500 


.0078750 


.0105000 


.0131250 


.0157500 


.0183750 


.0210000 


.0236250 


.0262500 


189 


190 


.0052778 


.0079167 


.0105556 


.0131944 


.0158333 


. 0184722 


.0211111 


. 0237500 


.0263889 


190 


191 


.0053056 


.0079583 


.0106111 


.0132639 


.0159167 


. 0185694 


.0212222 


.0238750 


.0265278 


191 


192 


.0053333 


.0080000 


.0106667 


.0133333 


.0160000 


.0186667 


.0213333 


.0240000 


. 0266667 


193 


193 


.0053611 


.0080417 


.0107222 


.0134028 


.0160833 


.0187639 


.0214444 


.0241250 


.0268056 


193 


194 


. 0053889 


.0080833 


.0107778 


.0134722 


.0161667 


.0188611 


.0215556 


.0242500 


. 0269444 


194 


195 


.0054167 


.0081250 


.0108333 


.0135417 


.0162500 


.0189583 


.0216667 


.0243750 


.0270833 


195 


196 


. 0054444 


.0081667 


.0108889 


.0136111 


.0163333 


.0190556 


. 0217778 


.0245000 


.0272222 


196 


197 


.0054722 


.0082083 


.0109444 


.0136806 


.0164167 


.0191528 


.0218889 


.0246250 


.0273611 


197 


198 


. 0055000 


. 0082500 


.0110000 


.0137500 


. 0165000 


. 0192500 


.0220000 


. 0247500 


.0275000 


198 


199 


.0055278 


.0082917 


.0110556 


.0138194 


.0165833 


.0193472 


.0221111 


. 0248750 


.0276389 


199 


300 


.0055556 


.0083333 


.0111111 


.0138889 


.0166667 


. 0194444 


.0222222 


.0250000 


.0277778 


300 


301 


.0055833 


.0083750 


.0111667 


.0139583 


.0167500 


.0195417 


.0223333 


.0251250 


. 0279167 


301 


302 


.0056111 


.0084167 


.0112222 


.0140278 


. 0168333 


. 0196389 


.0224444 


.0252500 


.0280556 


303 


303 


.0056389 


.0084583 


.0112778 


.0140972 


.0169167 


.0197361 


. 0225556 


.0253750 


.0281944 


303 


304 


.0056667 


.0085000 


.0113333 


.0141667 


.0170000 


.0198333 


.0226667 


.0255000 


.0283333 


304 


305 


.0056944 


.0085417 


.0113889 


.0142361 


.0170833 


.0199306 


.0227778 


.0256250 


.0284722 


305 


306 


.0057222 


.0085833 


.0114444 


.0143056 


.0171667 


.0200278 


.0228889 


.0257500 


.0286111 


306 


307 


.0057500 


.0086250 


.0115000 


.0143750 


. 0172500 


.0201250 


.0230000 


.0258750 


.0287500 


307 


308 


.0057778 


.0086667 


.0115556 


.0144444 


.0173333 


.0202222 


.0231111 


.0260000 


.0288889 


308 


309 


.0058056 


.0087083 


.0116111 


.0145139 


.0174167 


.0203194 


.0232222 


.0261250 


.0290278 


309 


310 


.0058333 


.0087500 


.0116667 


.0145833 


.0175000 


. 0204167 


.0233333 


.0262500 


.0291667 


310 




1% 


1M% 


2% 


33^% 


3% 


3^% 


4.0/ 


4^% 


5% 





INTEREST ON ONE DOLLAR 



49 



Days 


BASIS: DAYS 360 ^™ ANNUM 


Days 






















5K% 


6% 


6H% 


7% 


7^% 


8% 


sy2% 


9% 


9y2% 




176 


.0268889 


.0293333 


.0317778 


.0342222 


.0366667 


.0391111 


.0415556 


.0440000 


.0464444 


176 


177 


.0270417 


.0295000 


.0319583 


.0344167 


.0368750 


.0393333 


.0417917 


.0442500 


.0467083 


177 


178 


.0271944 


.0296667 


.0321389 


.0346111 


.0370833 


.0395556 


.0420278 


.0445000 


.0469722 


178 


179 


.0273472 


.0298333 


.0323194 


.0348056 


.0372917 


.0397778 


.0422639 


.0447500 


.0472361 


179 


180 


.0275000 


.0300000 


.0325000 


.0350000 


.0375000 


.0400000 


.0425000 


.0450000 


.0475000 


180 


181 


.0276528 


.0301667 


.0326806 


.0351944 


.0377083 


.0402222 


.0427361 


.0452500 


.0477639 


181 


183 


.0278056 


.0303333 


.0328611 


.0353889 


.0379167 


.0404444 


.0429722 


.0455000 


.0480278 


183 


183 


.0279583 


.0305000 


.0330417 


.0355833 


.0381250 


.0406667 


.0432083 


.0457500 


.0482917 


183 


184 


.0281111 


.0306667 


.0332222 


.0357778 


.0383333 


.0408889 


.0434444 


.0460000 


.0485556 


184 


185 


.0282639 


.0308333 


.0334028 


.0359722 


.0385417 


.0411111 


.0436806 


.0462500 


.0488194 


185 


186 


.0284167 


.0310000 


.0335833 


.0361667 


.0387500 


.0413333 


.0439167 


.0465000 


.0490833 


186 


187 


.0285694 


.0311667 


.0337639 


.0363611 


.0389583 


.0415556 


.0441528 


.0467500 


.0493472 


187 


188 


.0287222 


.0313333 


.0339444 


.0365556 


.0391667 


.0417778 


.0443889 


.0470000 


.0496111 


188 


189 


.0288750 


.0315000 


.0341250 


.0367500 


.0393750 


.0420000 


.0446250 


.0472500 


.0498750 


189 


190 


.0290278 


.0316667 


.0343056 


.0369444 


.0395833 


.0422222 


.0448611 


.0475000 


.0501389 


190 


191 


.0291806 


.0318333 


.0344861 


.0371389 


.0397917 


.0424444 


.0450972 


.0477500 


.0504028 


191 


193 


.0293333 


.0320000 


.0346667 


.0373333 


.0400000 


.0426667 


.0453333 


.0480000 


.0506667 


193 


193 


.0294861 


.0321667 


.0348472 


.0375278 


.0402083 


.0428889 


.0455694 


.0482500 


.0509306 


193 


194 


.0296389 


.0323333 


.0350278 


.0377222 


.0404167 


.0431111 


.0458056 


.0485000 


.0511944 


194 


195 


.0297917 


.0325000 


.0352083 


.0379167 


.0406250 


.0433333 


.0460417 


.0487500 


.0514583 


195 


196 


.0299444 


.0326667 


.0353889 


.0381111 


.0408333 


.0435556 


.0462778 


.0490000 


.0517222 


196 


197 


.0300972 


.0328333 


.0355694 


.0383056 


.0410417 


.0437778 


.0465139 


.0492500 


.0519861 


197 


198 


.0302500 


.0330000 


.0357500 


.0385000 


.0412500 


.0440000 


.0467500 


.0495000 


.0522500 


198 


199 


.0304028 


.0331667 


.0359306 


.0386944 


.0414583 


.0442222 


.0469861 


.0497500 


.0525139 


199 


200 


.0305556 


.0333333 


.0361111 


.0388889 


.0416667 


.0444444 


.0472222 


.0500000 


.0527778 


300 


301 


.0307083 


.0335000 


.0362917 


.0390833 


.0418750 


.0446667 


.0474583 


.0502500 


.0530417 


301 


303 


.0308611 


.0336667 


.0364722 


.0392778 


.0420833 


.0448889 


.0476944 


.0505000 


.0533056 


303 


303 


.0310139 


.0338333 


.0366528 


.0394722 


.0422917 


.0451111 


.0479306 


.0507500 


.0535694 


303 


304 


.0311667 


.0340000 


.0368333 


.0396667 


.0425000 


.0453333 


.0481667 


.0510000 


.0538333 


304 


305 


.0313194 


.0341667 


.0370139 


.0398611 


.0427083 


.0455556 


.0484028 


.0512500 


.0540972 


305 


306 


.0314722 


.0343333 


.0371944 


.0400556 


.0429167 


.0457778 


.0486389 


.0515000 


.0543611 


306 


307 


.0316250 


.0345000 


.0373750 


.0402500 


.0431250 


.0460000 


.0488750 


.0517500 


.0546250 


307 


308 


.0317778 


.0346667 


.0375556 


.0404444 


.0433333 


.0462222 


.0491111 


.0520000 


.0548889 


308 


309 


.0319306 


.0348333 


.0377361 


.0406389 


.0435417 


.0464444 


.0493472 


.0522500 


.0551528 


309 


310 


.0320833 


.0350000 


.0379167 


.0408333 


.0437500 


.0466667 


.0495833 


.0525000 


.0554167 


310 




5^% 


6% 


6>^% 


7% 


7H% 


8% 


83^% 


9% 


93^% 





50 



INTEREST ON ONE DOLLA 





BASIS: DAYS 360 ^™ ANNUM 




Days 




Days 






















1% 


1^% 


3% 


»3^% 


3% 


3H% 


4% 


4H% 


5% 




311 


.0058611 


.0087917 


.0117222 


.0146528 


.0175833 


.0205139 


.0234444 


.0263750 


.0293056 


311 


212 


.0058889 


.0088333 


.0117778 


.0147222 


.0176667 


.0206111 


.0235556 


.0265000 


.0294444 


313 


313 


.0059167 


.0088750 


.0118333 


.0147917 


.0177500 


.0207083 


.0236667 


.0266250 


.0295833 


313 


314 


.0059444 


.0089167 


.0118889 


.0148611 


.0178333 


.0208056 


.0237778 


.0267500 


.0297222 


314 


315 


.0059722 


.0089583 


.0119444 


.0149306 


.0179167 


.0209028 


.0238889 


.0268750 


.0298611 


315 


316 


.0060000 


.0090000 


.0120000 


.0150000 


.0180000 


.0210000 


.0240000 


.0270000 


.0300000 


316 


317 


.0060278 


.0090417 


.0120556 


.0150694 


.0180833 


.0210972 


.0241111 


.0271250 


. 0301389 


317 


318 


.0060556 


.0090833 


.0121111 


.0151389 


.0181667 


.0211944 


.0242222 


.0272500 


.0302778 


318 


319 


.0060833 


. 0091250 


.0121667 


.0152083 


.0182500 


.0212917 


.0243333 


.0273750 


.0304167 


319 


330 


.0061111 


.0091667 


.0122222 


.0152778 


.0183333 


.0213889 


.0244444 


.0275000 


.0305556 


330 


331 


.0061389 


.0092083 


.0122778 


.0153472 


.0184167 


.0214861 


.0245556 


.0276250 


.0306944 


331 


333 


.0061667 


.0092500 


.0123333 


.0154167 


.0185000 


.0215833 


. 0246667 


.0277500 


.0308333 


333 


333 


.0061944 


.0092917 


.0123889 


.0154861 


.0185833 


.0216806 


.0247778 


.0278750 


.0309722 


333 


334 


.0062222 


.0093333 


. 0124444 


.0155556 


. 0186667 


.0217778 


.0248889 


.0280000 


.0311111 


334 


335 


. 0062500 


.0093750 


.0125000 


.0156250 


.0187500 


.0218750 


.0250000 


.0281250 


.0312500 


335 


336 


.0062778 


. 0094167 


.0125556 


.0156944 


.0188333 


.0219722 


.0251111 


.0282500 


.0313889 


336 


337 


.0063056 


.0094583 


.0126111 


.0157639 


.0189167 


.0220694 


.0252222 


.0283750 


.0315278 


337 


338 


.0063333 


.0095000 


.0126667 


.0158333 


.0190000 


.0221667 


.0253333 


.0285000 


.0316667 


338 


339 


.0063611 


.0095417 


.0127222 


.0159028 


.0190833 


.0222639 


.0254444 


.0286250 


.0318056 


339 


330 


.0063889 


.0095833 


.0127778 


.0159722 


.0191667 


.0223611 


.0255556 


.0287500 


.0319444 


330 


331 


.0064167 


.0096250 


.0128333 


.0160417 


.0192500 


.0224583 


.0256667 


.0288750 


.0320833 


331 


333 


.0064444 


.0096667 


.0128889 


.0161111 


.0193333 


.0225556 


.0257778 


.0290000 


.0322222 


333 


333 


. 0064722 


.0097083 


.0129444 


.0161806 


.0194167 


.0226528 


.0258889 


.0291250 


.0323611 


333 


334 


.0065000 


.0097500 


.0130000 


.0162500 


.0195000 


.0227500 


.0260000 


.0292500 


.0325000 


334 


335 


.0065278 


.0097917 


.0130556 


.0163194 


.0195833 


.0228472 


.0261111 


.0293750 


.0326389 


335 


336 


.0065556 


.0098333 


.0131111 


.0163889 


.0196667 


.0229444 


.0262222 


.0295000 


.0327778 


336 


337 


.0065833 


.0098750 


.0131667 


.0164583 


.0197500 


.0230417 


.0263333 


.0296250 


.0329167 


337 


338 


.0066111 


.0099167 


.0132222 


.0165278 


.0198333 


.0231389 


.0264444 


.0297500 


.0330556 


338 


339 


.0066389 


.0099583 


.0132778 


.0165972 


.0199167 


.0232361 


.0265556 


.0298750 


.0331944 


339 


340 


.0066667 


.0100000 


.0133333 


.0166667 


.0200000 


.0233333 


.0266667 


.0300000 


.0333333 


340 


341 


.0066944 


.0100417 


.0133889 


.0167361 


.0200833 


.0234306 


.0267778 


.0301250 


.0334722 


341 


343 


.0067222 


.0100833 


.0134444 


.0168056 


.0201667 


.0235278 


.0268889 


.0302500 


.0336111 


343 


343 


.0067500 


.0101250 


.0135000 


.0168750 


.0202500 


.0236250 


.0270000 


.0303750 


.0337500 


343 


344 


.0067778 


.0101667 


.0135556 


.0169444 


.0203333 


.0237222 


.0271111 


.0305000 


.0338889 


344 


345 


.0068056 


.0102083 


.0136111 


.0170139 


.0204167 


.0238194 


.0272222 


.0306250 


.0340278 


345 




1% 


1^% 


3% 


3H% 


3% 


3>^% 


4% 


4>i% 


5% 





INTEREST ON ONE DOLLAR 



51 





BASIS: DAYS 360 ^™ ANNUM 




Days 




Days 






















53^% 


6% 


63^% 


no 


7^% 


8% 


8'K% 


9% 


9H% 




211 


.0322361 


.0351667 


.0380972 


.0410278 


.0439583 


.0468889 


.0498194 


.0527500 


.0556806 


211 


212 


.0363889 


.0353333 


.0382778 


.0412222 


.0441667 


.0471111 


.0500556 


.0530000 


.0559444 


212 


213 


.0325417 


.0355000 


.0384583 


.0414167 


.0443750 


.0473333 


.0502917 


.0532500 


.0562083 


213 


214 


.0326944 


.0356667 


.0386389 


.0416111 


.0445833 


.0475556 


.0505278 


.0535000 


.0564722 


214 


215 


.0328472 


.0358333 


.0388194 


.0418056 


.0447917 


.0477778 


.0507639 


.0537500 


.0567361 


215 


216 


.0330000 


.0360000 


.0390000 


.0420000 


.0450000 


.0480000 


.0510000 


.0540000 


.0570000 


216 


217 


.0331528 


.0361667 


.0391806 


.0421944 


.0452083 


.0482222 


.0512361 


.0542500 


.0572639 


217 


218 


.0333056 


.0363333 


.0393611 


.0423889 


.0454167 


.0484444 


.0514722 


.0545000 


.0575278 


218 


219 


.0334583 


.0365000 


.0395417 


.0425833 


.0456250 


.0486667 


.0517083 


.0547500 


.0577917 


219 


220 


.0336111 


.0366667 


.0397222 


.0427778 


.0458333 


.0488889 


.0519444 


.0550000 


.0580556 


220 


221 


.0337639 


.0368333 


.0399028 


.0429722 


.0460417 


.0491111 


.0521806 


.0552500 


.0583194 


221 


222 


.0339167 


.0370000 


.0400833 


.0431667 


.0462500 


.0493333 


.0524167 


.0555000 


.0585833 


222 


223 


.0340694 


.0371667 


.0402639 


.0433611 


.0464583 


.0495556 


.0526528 


.0557500 


.0588472 


223 


224 


.0342222 


.0373333 


.0404444 


.0435556 


.0466667 


.0497778 


.0528889 


.0560000 


.0591111 


224 


225 


.0343750 


.0375000 


.0406250 


.0437500 


.0468750 


.0500000 


.0531250 


.0562500 


.0593750 


225 


226 


.0345278 


.0376667 


.0408056 


.0439444 


.0470833 


.0502222 


.0533611 


.0565000 


.0596389 


226 


227 


.0346806 


. 0378333 


.0409861 


.0441389 


.0472917 


.0504444 


.0535972 


.0567500 


.0599028 


227 


228 


.0348333 


.0380000 


.0411667 


.0443333 


.0475000 


.0506667 


.0538333 


.0570000 


.0601667 


228 


229 


.0349861 


.0381667 


.0413472 


.0445278 


.0477083 


.0508889 


.0540694 


.0572500 


.0604306 


229 


230 


.0351389 


.0383333 


.0415278 


.0447222 


.0479167 


.0511111 


.0543056 


.0575000 


.0606944 


230 


231 


.0352917 


.0385000 


.0417083 


.0449167 


.0481250 


.0513333 


.0545417 


.0577500 


.0609583 


231 


232 


.0354444 


.0386667 


.0418889 


.0451111 


.0483333 


.0515556 


.0547778 


.0580000 


.0612222 


232 


233 


.0355972 


.0388333 


.0420694 


.0453056 


.0485417 


.0517778 


.0550139 


.0582500 


.0614861 


233 


234 


.0357500 


.0390000 


.0422500 


.0455000 


.0487500 


.0520000 


.0552500 


.0585000 


.0617500 


234 


235 


.0359028 


.0391667 


.0424306 


.0456944 


.0489583 


.0522222 


.0554861 


.0587500 


.0620139 


235 


236 


.0360556 


.0393333 


.0426111 


.0458889 


.0491667 


.0524444 


.0557222 


.0590000 


.0622778 


236 


237 


.0362083 


.0395000 


.0427917 


.0460833 


.0493750 


.0526667 


.0559583 


.0592500 


.0625417 


237 


238 


.0363611 


.0396667 


.0429722 


.0462778 


.0495833 


.0528889 


.0561944 


.0595000 


.0628056 


238 


239 


.0365139 


.0398333 


.0431528 


.0464722 


.0497917 


.0531111 


.0564306 


.0597500 


.0630694 


239 


240 


.0366667 


.0400000 


.0433333 


.0466667 


.0500000 


.0533333 


.0566667 


.0600000 


.0633333 


240 


241 


.0368194 


.0401667 


.0435139 


.0468611 


.0502083 


.0535556 


.0569028 


.0602500 


.0635972 


241 


242 


.0369722 


.0403333 


.0436944 


.0470556 


.0504167 


.0537778 


.0571389 


.0605000 


.0638611 


242 


243 


.0371250 


.0405000 


.0438750 


.0472500 


.0506250 


.0540000 


.0573750 


.0607500 


.0641250 


243 


244 


.0372778 


.0406667 


.0440556 


.0474444 


.0508333 


.0542222 


.0576111 


.0610000 


.0643889 


244 


245 


.0374306 


.0408333 


.0442361 


.0476389 


.0510417 


.0544444 


.0578472 


.0612500 


.0646528 


245 




53^% 


6% 


63^% 


7% 


73^% 


8% 


8^% 


9% 


9^% 





52 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 360 ^^^ ANNUM 




Days 




Days 






















1% 


rV2% 


3% 


3H% 


3% 


3^% 


4% 


4^% 


5% 




1^46 


.0068333 


.0102500 


.0136667 


.0170833 


.0205000 


.0239167 


.0273333 


.0307500 


.0341667 


346 


347 


.0068611 


.0102917 


.0137222 


.0171528 


.0205833 


.0240139 


.0274444 


.0308750 


.0343056 


347 


348 


.0068889 


.0103333 


.0137778 


.0172222 


.0206667 


.0241111 


.0275556 


.0310000 


.0344444 


348 


349 


.0069167 


.0103750 


.0138333 


.0172917 


.0207500 


.0242083 


.0276667 


.0311250 


.0345833 


349 


350 


.0069444 


.0104167 


.0138889 


.0173611 


.0208333 


.0243056 


.0277778 


.0312500 


.0347222 


350 


351 


. 0069722 


.0104583 


. 0139444 


.0174306 


.0209167 


.0244028 


.0278889 


.0313750 


.0348611 


351 


353 


.0070000 


.0105000 


.0140000 


.0175000 


.0210000 


.0245000 


.0280000 


.0315000 


.0350000 


353 


353 


.0070278 


.0105417 


. 0140556 


.0175694 


.0210833 


.0245972 


.0281111 


.0316250 


. 0351389 


353 


354 


.0070556 


.0105833 


.0141111 


.0176389 


.0211667 


.0246944 


. 0282222 


.0317500 


.0352778 


354 


355 


.0070833 


.0106250 


.0141667 


.0177083 


.0212500 


.0247917 


.0283333 


.0318750 


.0354167 


355 


356 


.0071111 


.0106667 


.0142222 


.0177778 


.0213333 


.0248889 


.0284444 


.0320000 


.0355556 


356 


357 


.0071389 


.0107083 


.0142778 


. 0178472 


.0214167 


. 0249861 


.0285556 


. 0321250 


.0356944 


357 


358 


.0071667 


. 0107500 


.0143333 


.0179167 


.0215000 


.0250833 


.0286667 


.0322500 


.0358333 


358 


359 


.0071944 


.0107917 


.0143889 


.0179861 


.0215833 


.0251806 


.0287778 


.0323750 


.0359722 


359 


360 


.0072222 


.0108333 


.0144444 


.0180556 


.0216667 


.0252778 


.0288889 


.0325000 


.0361111 


360 


361 


.0072500 


.0108750 


.0145000 


.0181250 


.0217500 


.0253750 


.0290000 


.0326250 


.0362500 


361 


363 


.0072778 


.0109167 


.0145556 


.0181944 


.0218333 


.0254722 


.0291111 


.0327500 


.0363889 


363 


363 


.0073056 


.0109583 


.0146111 


.0182639 


.0219167 


.0255694 


.0292222 


.0328750 


. 0365278 


363 


364 


.0073333 


.0110000 


.0146667 


.0183333 


.0220000 


.0256667 


.0293333 


.0330000 


.0366667 


364 


365 


.0073611 


.0110417 


.0147222 


.0184028 


.0220833 


.0257639 


.0294444 


.0331250 


.0368056 


365 


366 


.0073889 


.0110833 


.0147778 


.0184722 


.0221667 


.0258611 


.0295556 


.0332500 


.0369444 


366 


367 


.0074167 


.0111250 


. 0148333 


.0185417 


.0222500 


.0259583 


.0296667 


.0333750 


.0370833 


367 


368 


.0074444 


.0111667 


.0148889 


.0186111 


.0223333 


.0260556 


.0297778 


.0335000 


.0372222 


368 


369 


.0074722 


.0112083 


. 0149444 


.0186806 


.0224167 


.0261528 


.0298889 


.0336250 


.0373611 


369 


370 


.0075000 


.0112500 


.0150000 


.0187500 


.0225000 


.0262500 


.0300000 


.0337500 


.0375000 


370 


371 


.0075278 


.0112917 


.0150556 


.0188194 


.0225833 


.0263472 


.0301111 


.0338750 


.0376389 


371 


373 


.0075556 


.0113333 


.0151111 


.0188889 


.0226667 


.0264444 


.0302222 


.0340000 


.0377778 


373 


373 


.0075833 


.0113750 


.0151667 


.0189583 


.0227500 


.0265417 


.0303333 


. 0341250 


.0379167 


373 


374 


.0076111 


.0114167 


.0152222 


.0190278 


.0228333 


.0266389 


.0304444 


. 0342500 


.0380556 


374 


375 


.0076389 


.0114583 


.0152778 


.0190972 


.0229167 


.0267361 


.0305556 


.0343750 


.0381944 


375 


376 


.0076667 


.0115000 


.0153333 


.0191667 


.0230000 


.0268333 


.0306667 


.0345000 


.0383333 


376 


377 


.0076944 


.0115417 


.0153889 


.0192361 


.0230833 


.0269306 


.0307778 


.0346250 


.0384722 


377 


378 


.0077222 


.0115833 


.0154444 


.0193056 


.0231667 


.0270278 


.0308889 


.0347500 


.0386111 


378 


379 


.0077500 


.0116250 


.0155000 


.0193750 


.0232500 


.0271250 


.0310000 


.0348750 


.0387500 


379 


380 


.0077778 


.0116667 


.0155556 


.0194444 


.0233333 


.0272222 


.0311111 


.0350000 


.0388889 


380 




1% 


1^% 


3% 


3^% 


3% 


3M% 


4% 


43^% 


5% 





IIVTEREST ON ONE DOLLAR 



53 





BASIS: DAYS 360 ^^^ ANNUM 




Days 


• 


Days 






















5^% 


6% 


6^% 


no 


7H% 


8% 


8^% 


9% 


9^% 




246 


.0375833 


.0410000 


.0444167 


.0478333 


.0512500 


.0546667 


.0580833 


.0615000 


.0649167 


346 


347 


.0377361 


.0411667 


.0445972 


.0480278 


.0514583 


.0548889 


.0583194 


.0617500 


.0651806 


347 


348 


.0378889 


.0413333 


.0447778 


.0482222 


.0516667 


.0551111 


.0585556 


.0620000 


.0654444 


348 


349 


.0380417 


.0415000 


.0449583 


.0484167 


.0518750 


.0553333 


.0587917 


.0622500 


.0657083 


349 


350 


.0381944 


.0416667 


.0451389 


.0486111 


.0520833 


.0555556 


.0590278 


.0625000 


.0659722 


350 


351 


.0383472 


.0418333 


.0453194 


.0488056 


.0522917 


.0557778 


.0592639 


.0627500 


.0662361 


351 


353 


.0385000 


.0420000 


.0455000 


.0490000 


.0525000 


.0560000 


.0595000 


.0630000 


.0665000 


353 


353 


.0386528 


.0421667 


.0456806 


.0491944 


.0527083 


.0562222 


.0597361 


.0632500 


.0667639 


353 


354 


.0388056 


.0423333 


.0458611 


.0493889 


.0529167 


.0564444 


.0599722 


.0635000 


.0670278 


354 


355 


.0389583 


.0425000 


.0460417 


.0495833 


.0531250 


.0566667 


.0602083 


.0637500 


.0672917 


355 


356 


.0391111 


.0426667 


.0462222 


.0497778 


.0533333 


.0568889 


.0604444 


.0640000 


.0675556 


356 


357 


.0392639 


.0428333 


.0464028 


.0499722 


.0535417 


.0571111 


.0606806 


.0642500 


.0678194 


357 


358 


.0394167 


.0430000 


.0465833 


.0501667 


.0537500 


.0573333 


.0609167 


.0645000 


.0680833 


358 


359 


.0395694 


.0431667 


.0467639 


.0503611 


.0539583 


.0575556 


.0611528 


.0647500 


.0683472 


359 


360 


. 0397222 


.0433333 


. 0469444 


.0505556 


.0541667 


.0577778 


.0613889 


.0650000 


.0686111 


360 


361 


.0398750 


.0435000 


.0471250 


.0507500 


.0543750 


.0580000 


.0616250 


.0652500 


.0688750 


361 


363 


.0400278 


.0436667 


.0473056 


.0509444 


.0545833 


.0582222 


.0618611 


.0655000 


.0691389 


363 


363 


.0401806 


.0438333 


.0474861 


.0511389 


.0547917 


.0584444 


.0620972 


.0657500 


.0694028 


363 


364 


.0403333 


.0440000 


.0476667 


.0513333 


.0550000 


.0586667 


.0623333 


. 0660000 


.0696667 


364 


365 


.0404861 


.0441667 


.0478472 


.0515278 


.0552083 


.0588889 


.0625694 


.0662500 


.0699306 


365 


366 


.0406389 


.0443333 


.0480278 


.0517222 


.0554167 


.0591111 


.0628056 


.0685000 


.0701944 


366 


367 


.0407917 


.0445000 


.0482083 


.0519167 


.0556250 


.0593333 


.0630417 


.0667500 


.0704583 


367 


368 


.0409444 


.0446667 


.0483889 


.0521111 


.0558333 


.0595556 


.0632778 


.0670000 


.0707222 


368 


369 


.0410972 


.0448333 


.0485694 


.0523056 


.0560417 


.0597778 


.0635139 


.0672500 


.0709861 


369 


370 


.0412500 


.0450000 


.0487500 


.0525000 


.0562500 


.0600000 


.0637500 


.0675000 


.0712500 


370 


371 


.0414028 


.0451667 


.0489306 


.0526944 


.0564583 


.0602222 


.0639861 


.0677500 


.0715139 


371 


373 


. 0415556 


.0453333 


.0491111 


.0528889 


.0566667 


.0604444 


.0642222 


.0680000 


.0717778 


373 


373 


.0417083 


.0455000 


.0492917 


.0530833 


.0568750 


.0606667 


.0644583 


.0682500 


.0720417 


373 


374 


.0418611 


.0456667 


.0494722 


.0532778 


.057083^ 


.0608889 


.0646944 


.0685000 


.0723056 


374 


375 


.0420139 


.0458333 


.0496528 


.0534722 


.0572917 


.0611111 


.0649306 


.0687500 


.0725694 


375 


376 


. 0421667 


.0460000 


.0498333 


.0536667 


.0575000 


.0613333 


.0651667 


.0690000 


.0728333 


376 


377 


.0423194 


.0461667 


.0500139 


.0538611 


.0577083 


.0615556 


.0654028 


.0692500 


.0730972 


377 


378 


.0424722 


.0463333 


.0501944 


.0540556 


.0579167 


.0617778 


.0656389 


.0695000 


.0733611 


378 


379 


. 0426250 


.0465000 


.0503750 


.0542500 


.0581250 


.0620000 


.0658750 


.0697500 


.0736250 


379 


380 


.0427778 


.0466667 


.0505556 


.0544444 


.0583333 


.0622222 


,0661111 


.0700000 


.0738889 


380 




5^% 


6% 


63^% 


7% 


W% 


8% 


83^% 


9% 


93^% 





54 



INTEREST ON ONE DOLLAR 



Days 


BASIS: DAYS 360 ^^^ ANNUM 


Days 


i 


















1% 


1^% 


2% 


23^% 


3% 


3K% 


4% 


4^% 


5% 




281 


.0078056 


.0117083 


.0156111 


.0195139 


.0234167 


. 0273194 


.0312222 


.0351250 


.0390278 


281 


283 


.0078333 


.0117500 


.0156667 


.0195833 


.0235000 


.0274167 


.0313333 


.0352500 


.0391667 


282 


283 


.0078611 


.0117917 


.0157222 


.0196528 


.0235833 


.0275139 


.0314444 


.0353750 


.0393056 


283 


284 


.0078889 


.0118333 


.0157778 


.0197222 


.0236667 


.0276111 


.0315556 


.0355000 


.0394444 


284 


285 


.0079167 


.0118750 


.0158333 


.0197917 


.0237500 


.0277083 


.0316667 


.0356250 


.0395833 


285 


286 


.0079444 


.0119167 


.0158889 


.0198611 


.0238333 


.0278056 


.0317778 


.0357500 


.0397222 


286 


287 


.0079722 


.0119583 


.0159444 


.0199306 


.0239167 


.0279028 


.0318889 


.0358750 


.0398611 


287 


288 


.0080000 


.0120000 


.0160000 


.0200000 


.0240000 


.0280000 


.0320000 


.0360000 


.0400000 


288 


289 


.0080278 


.0120417 


. 0160556 


.0200694 


.0240833 


.0280972 


.0321111 


.0361250 


.0401389 


289 


290 


.0080556 


.0120833 


.0161111 


.0201389 


.0241667 


. 0281944 


.0322222 


.0362500 


.0402778 


290 


291 


.0080833 


.0121250 


.0161667 


.0202083 


.0242500 


.0282917 


.0323333 


.0363750 


.0404167 


291 


292 


.0081111 


.0121667 


.0162222 


.0202778 


.0243333 


.0283889 


.0324444 


.0365000 


.0405556 


292 


293 


.0081389 


. 0122083 


.0162778 


.0203472 


.0244167 


.0284861 


. 0325556 


.0366250 


.0406944 


293 


294 


.0081667 


.0122500 


.0163333 


.0204167 


.0245000 


.0285833 


.0326667 


.0367500 


.0408333 


294 


295 


.0081944 


.0122917 


.0163889 


.0204861 


.0245833 


.0286806 


.0327778 


.0368750 


.0409722 


295 


296 


.0082222 


.0123333 


.0164444 


.0205556 


.0246667 


.0287778 


.0328889 


.0370000 


.0411111 


296 


297 


.0082500 


.0123750 


. 0165000 


. 0206250 


.0247500 


. 0288750 


.0330000 


.0371250 


.0412500 


297 


298 


.0082778 


.0124167 


.0165556 


.0206944 


.0248333 


. 0289722 


.0331111 


.0372500 


.0413889 


298 


299 


.0083056 


.0124583 


.0166111 


.0207639 


.0249167 


.0290694 


.0332222 


.0373750 


.0415278 


299 


300 


.0083333 


.0125000 


.0166667 


.0208333 


.0250000 


.0291667 


.0333333 


.0375000 


.0416667 


300 


301 


.0083611 


.0125417 


.0167222 


.0209028 


.0250833 


.0292639 


.0334444 


.0376250 


.0418056 


301 


302 


.0083889 


.0125833 


.0167778 


.0209722 


.0251667 


.0293611 


.0335556 


.0377500 


.0419444 


302 


303 


.0084167 


.0126250 


.0168333 


.0210417 


.0252500 


.0294583 


.0336667 


.0378750 


.0420833 


303 


304 


. 0084444 


.0126667 


.0168889 


.0211111 


.0253333 


. 0295556 


. 0337778 


. 0380000 


.0422222 


304 


305 


.0084722 


.0127083 


.0169444 


.0211806 


.0254167 


.0296528 


.0338889 


.0381250 


.0423611 


305 


306 


.0085000 


.0127500 


.0170000 


.0212500 


.0255000 


.0297500 


.0340000 


.0382500 


.0425000 


306 


307 


.0085278 


.0127917 


.0170556 


.0213194 


.0255833 


.0298472 


.0341111 


.0383750 


.0426389 


307 


308 


.0085556 


.0128333 


.0171111 


.0213889 


.0256667 


.0299444 


.0342222 


.0385000 


.0427778 


308 


309 


.0085833 


.0128750 


.0171667 


.0214583 


.0257500 


.0300417 


.0343333 


.0386250 


.0429167 


309 


310 


.0086111 


.0129167 


.0172222 


.0215278 


.0258333 


.0301389 


.0344444 


.0387500 


.0430556 


310 


311 


.0086389 


.0129583 


.0172778 


.0215972 


.0259167 


.0302361 


.0345556 


.0388750 


.0431944 


311 


312 


.0086667 


.0130000 


.0173333 


.0216667 


.0260000 


.0303333 


.0346667 


.0390000 


.0433333 


312 


313 


.0086944 


.0130417 


.0173889 


.0217361 


.0260833 


.0304306 


.0347778 


.0391250 


.0434722 


313 


314 


.0087222 


.0130833 


.0174444 


.0218056 


.0261667 


.0305278 


.0348889 


.0392500 


.0436111 


314 


315 


.0087500 


.0131250 


.0175000 


.0218750 


.0262500 


.0306250 


.0350000 


.0393750 


.0437500 


315 




1% 


1K% 


2% 


2^% 


3% 


3^% 


4% 


43^% 


5% 





INTEREST ON ONE DOLLAR 



55 



Days 


BASIS: DAYS 360 ^™ ANNUM 


Days 






















5^% 


6% 


6K% 


7% 


7K% 


8% 


8H% 


9% 


93^% 




281 


.0429306 


.0468333 


.0507361 


.0546389 


.0585417 


.0624444 


.0663472 


.0702500 


.0741528 


381 


382 


.0430833 


.0470000 


.0509167 


.0548333 


.0587500 


.0626667 


.0665833 


.0705000 


.0744167 


383 


383 


.0432361 


.0471667 


.0510972 


.0550278 


.0589583 


.0628889 


.0668194 


.0707500 


.0746806 


383 


384 


.0433889 


.0473333 


.0512778 


.0552222 


.0591667 


.0631111 


.0670556 


.0710000 


.0749444 


384 


385 


.0435417 


.0475000 


.0514583 


.0554167 


.0593750 


.0633333 


.0672917 


.0712500 


.0752083 


385 


386 


.0436944 


.0476667 


.0516389 


.0556111 


.0595833 


.0635556 


.0675278 


.0715000 


.0754722 


386 


387 


.0438472 


.0478333 


.0518194 


.0558056 


.0597917 


.0637778 


.0677639 


.0717500 


.0757361 


387 


388 


.0440000 


.0480000 


.0520000 


.0560000 


.0600000 


.0640000 


.0680000 


.0720000 


.0760000 


388 


389 


.0441528 


.0481667 


.0521806 


.0561944 


.0602083 


.0642222 


.0682361 


.0722500 


.0762639 


389 


390 


.0443056 


.0483333 


.0523611 


.0563889 


.0604167 


.0644444 


.0684722 


.0725000 


.0765278 


390 


391 


.0444583 


.0485000 


.0525417 


.0565833 


.0606250 


.0646667 


.0687083 


.0727500 


.0767917 


391 


393 


.0446111 


.0486667 


.0527222 


.0567778 


.0608333 


.0648889 


.0689444 


.0730000 


.0770556 


393 


393 


.0447639 


.0488333 


.0529028 


.0569722 


.0610417 


.0651111 


.0691806 


.0732500 


.0773194 


393 


394 


.0449167 


.0490000 


.0530833 


.0571667 


.0612500 


.0653333 


.0694167 


.0735000 


.0775833 


394 


395 


.0450694 


.0491667 


.0532639 


.0573611 


.0614583 


.0655556 


.0696528 


.0737500 


.0778472 


395 


398 


.0452222 


.0493333 


.0534444 


.0575556 


.0616667 


.0657778 


.0698889 


.0740000 


.0781111 


396 


397 


.0453750 


.0495000 


.0536250 


.0577500 


.0618750 


.0660000 


.0701250 


.0742500 


.0783750 


397 


398 


.0455278 


.0496667 


.0538056 


.0579444 


.0620833 


.0662222 


.0703611 


.0745000 


.0786389 


398 


399 


.0456806 


.0498333 


.0539861 


.0581389 


.0622917 


.0664444 


.0705972 


.0747500 


.0789028 


399 


308 


.0458333 


.0500000 


.0541667 


.0583333 


.0625000 


.0666667 


.0708333 


.0750000 


.0791667 


300 


301 


.0459861 


.0501667 


.0543472 


.0585278 


.0627083 


.0668889 


.0710694 


.0752500 


.0794306 


301 


303 


.0461389 


.0503333 


.0545278 


.0587222 


.0629167 


.0671111 


.0713056 


.0755000 


.0796944 


303 


303 


.0462917 


.0505000 


.0547083 


.0589167 


.0631250 


.0673333 


.0715417 


.0757500 


.0799583 


303 


304 


.0464444 


.0506667 


.0548889 


.0591111 


.0633333 


.0675556 


.0717778 


.0760000 


.0802222 


304 


305 


.0465972 


.0508333 


: 0550694 


.0593056 


.0635417 


.0677778 


.0720139 


.0762500 


.0804861 


305 


306 


.0467500 


.0510000 


.0552500 


.0595000 


.0637500 


.0680000 


.0722500 


.0765000 


.0807500 


306 


307 


.0469028 


.0511667 


.0554306 


.0596944 


.0639583 


.0682222 


.0724861 


.0767500 


.0810139 


307 


308 


.0470556 


.0513333 


.0556111 


.0598889 


.0641667 


.0684444 


.0727222 


.0770000 


.0812778 


308 


309 


.0472083 


.0515000 


.0557917 


.0600833 


.0643750 


.0686667 


.0729583 


.0772500 


.0815417 


309 


310 


.0473611 


.0516667 


.0559722 


.0602778 


.0645833 


.0688889 


.0731944 


.0775000 


.0818056 


310 


311 


.0475139 


.0518333 


.0561528 


.0604722 


.0647917 


.0691111 


.0734306 


.0777500 


.0820694 


311 


313 


.0476667 


.0520000 


.0563333 


.0606667 


.0650000 


.0693333 


.0736667 


.0780000 


.0823333 


313 


313 


.0478194 


.0521667 


.0565139 


.0608611 


.0652083 


.0695556 


.0739028 


.0782500 


.0825972 


313 


314 


.0479722 


.0523333 


.0566944 


.0610556 


.0654167 


.0697778 


.0741389 


.0785000 


.0828611 


314 


315 


.0481250 


.0525000 


.0568750 


.0612500 


.0656250 


.0700000 


.0743750 


.0787500 


.0831250 


315 




5K% 


6% 


6K% 


7% 


7>^% 


8% 


83^% 


9% 


9^% 





56 



INTEREST ON ONE DOLLAR 





BASIS: DAYS 360 ^^^ ANNUM 




Days 




Days 






















1% 


13^% 


3% 


33^% 


3% 


3>^% 


4% 


43^% 


5% 




316 


.0087778 


.0131667 


.0175556 


.0219444 


.0263333 


.0307222 


.0351111 


.0395000 


.0438889 


316 


317 


.0088056 


.0132083 


.0176111 


.0220139 


.0264167 


.0308194 


.0352222 


.0396250 


.0440278 


317 


318 


.0088333 


.0132500 


.0176667 


.0220833 


.0265000 


.0309167 


.0353333 


. 0397500 


.0441667 


318 


319 


.0088611 


.0132917 


.0177222 


.0221528 


.0265833 


.0310139 


.0354444 


.0398750 


.0443056 


319 


330 


.0088889 


.0133333 


.0177778 


.0222222 


.0266667 


.0311111 


.0355556 


.0400000 


.0444444 


330 


331 


.0089167 


.0133750 


.0178333 


.0222917 


.0267500 


.0312083 


.0356667 


. 0401250 


.0445833 


331 


322 


.0089444 


.0134167 


.0178889 


.0223611 


.0268333 


.0313056 


.0357778 


.0402500 


.0447222 


333 


333 


.0089722 


.0134583 


.0179444 


.0224306 


.0269167 


.0314028 


.0358889 


.0403750 


.0448611 


333 


334 


.0090000 


.0135000 


.0180000 


.0225000 


.0270000 


.0315000 


.0360000 


.0405000 


.0450000 


334 


335 


.0090278 


.0135417 


.0180556 


.0225694 


.0270833 


.0315972 


.0361111 


.0406250 


.0451389 


335 


336 


.0090556 


.0135833 


.0181111 


.0226389 


.0271667 


.0316944 


.0362222 


.0407500 


.0452778 


336 


337 


.0090833 


.0136250 


.0181667 


.0227083 


.0272500 


.0317917 


.0363333 


. 0408750 


. 0454167 


337 


338 


.0091111 


.0136667 


.0182222 


.0227778 


.0273333 


.0318889 


.0364444 


.0410000 


.0455556 


338 


339 


.0091389 


. 0137083 


.0182778 


.0228472 


,0274167 


.0319861 


. 0365556 


.0411250 


. 0456944 


339 


330 


.0091667 


.0137500 


.0183333 


.0229167 


.0275000 


.0320833 


.0366667 


.0412500 


.0458333 


330 


331 


.0091944 


.0137917 


.0183889 


.0229861 


.0275833 


.0321806 


.0367778 


. 0413750 


. 0459722 


331 


333 


.0092222 


.0138333 


.0184444 


.0230556 


.0276667 


.0322778 


.0368889 


.0415000 


.0461111 


333 


333 


.0092500 


.0138750 


.0185000 


.0231250 


.0277500 


.0323750 


.0370000 


. 0416250 


.0462500 


333 


334 


. 0092778 


.0139167 


.0185556 


.0231944 


.0278333 


.0324722 


.0371111 


.0417500 


.0463889 


334 


335 


.0093056 


.0139583 


.0186111 


.0232639 


.0279167 


.0325694 


.0372222 


.0418750 


.0465278 


335 


336 


.0093333 


.0140000 


.0186667 


.0233333 


.0280000 


.0326667 


.0373333 


.0420000 


.0466667 


336 


337 


.0093611 


.0140417 


.0187222 


.0234028 


.0280833 


.0327639 


. 0374444 


.0421250 


.0468056 


337 


338 


.0093889 


.0140833 


.0187778 


.0234722 


.0281667 


.0328611 


.0375556 


.0422500 


.0469444 


338 


339 


.0094167 


.0141250 


.0188333 


.0235417 


.0282500 


.0329583 


.0376667 


.0423750 


.0470833 


339 


340 


.0094444 


.0141667 


.0188889 


.0236111 


.0283333 


.0330556 


.0377778 


.0425000 


. 0472222 


340 


341 


.0094722 


.0142083 


.0189444 


.0236806 


.0284167 


.0331528 


.0378889 


.0426250 


.0473611 


341 


343 


.0095000 


.0142500 


.0190000 


.0237500 


.0285000 


.0332500 


.0380000 


.0427500 


.0475000 


343 


343 


.0095278 


.0142917 


.0190556 


.0238194 


.0285833 


.0333472 


.0381111 


.0428750 


.0476389 


343 


344 


.0095556 


.0143333 


.0191111 


.0238889 


.0286667 


.0334444 


. 0382222 


. 0430000 


.0477778 


344 


345 


.0095833 


.0143750 


.0191667 


.0239583 


.0287500 


.0335417 


.0383333 


.0431250 


.0479167 


345 


346 


.0096111 


.0144167 


.0192222 


.0240278 


.0288333 


.0336389 


.0384444 


.0432500 


.0480556 


346 


347 


.0096389 


.0144583 


.0192778 


.0240972 


.0289167 


.0337361 


. 0385556 


.0433750 


.0481944 


347 


348 


. 0096667 


.0145000 


.0193333 


.0241667 


.0290000 


.0338333 


.0386667 


. 0435000 


. 0483333 


348 


349 


.0096944 


.0145417 


.0193889 


.0242361 


.0290833 


.0339306 


.0387778 


.0436250 


. 0484722 


349 


350 


.0097222 


.0145833 


.0194444 


.0243056 


.0291667 


.0340278 


.0388889 


.0437500 


.0486111 


350 




1% 


13^% 


3% 


2y2% 


3% 


33^% 


4% 

1 


4>^% 


5% 


.. 



INTEREST ON ONE DOLLAR 



57 



Days 


BASIS: DAYS QfiO ^^^ ANNUM 


Days 






















5^% 


6% 


6K% 


7% 


7^% 


8% 


83^% 


9% 


9H% 




316 


1.0482778 


.0526667 


.0570556 


.0614444 


.0658333 


.0702222 


.0746111 


.0790000 


.0833889 


316 


317 


1.0484306 


.0528333 


.0572361 


.0616389 


.0880417 


.0704444 


.0748472 


.0792500 


.0838528 


317 


318 


.0485833 


.0530000 


.0574167 


.0618333 


.0862500 


.0706667 


.0750833 


.0795000 


.0839167 


318 


319 


.0487361 


.0531667 


.0575972 


.0620278 


.0684583 


.0708889 


.0753194 


.0797500 


.0841808 


319 


3^0 


.0488889 

1 


.0533333 


.0577778 


.0622222 


.0666667 


.0711111 


.0755556 


.0800000 


.0844444 


330 


331 


.0490417 


.0535000 


.0579583 


.0624167 


.0668750 


.0713333 


.0757917 


.0802500 


.0847083 


331 


33;? 


'.0491944 


.0536667 


.0581389 


.0626111 


.0670833 


.0715556 


.0760278 


.0805000 


.0849722 


333 


333 


.0493472 


.0538333 


.0583194 


.0628056 


.0872917 


.0717778 


.0762639 


.0807500 


.0852381 


333 


334 


.0495000 


.0540000 


.0585000 


.0630000 


.0875000 


.0720000 


.0765000 


.0810000 


.0855000 


334 


335 


.0496528 


.0541667 


.0586806 


.0631944 


.0877083 


.0722222 


.0787361 


.0812500 


.0857639 


335 


336 


.0498056 


.0543333 


.0588611 


.0633889 


.0679187 


.0724444 


.0769722 


.0815000 


.0880278 


336 


337 


.0499583 


.0545000 


.0590417 


.0835833 


.0681250 


.0726667 


.0772083 


.0817500 


.0862917 


337 


338 


1.0501111 


.0546667 


.0592222 


.0637778 


.0683333 


.0728889 


.0774444 


.0820000 


.0885558 


338 


339 


.0502639 


.0548333 


.0594028 


.0639722 


.0885417 


.0731111 


.0776806 


.0822500 


.0868194 


339 


330 


.0504167 


.0550000 


.0595833 


.0641867 


.0887500 


.0733333 


.0779187 


.0825000 


.0870833 


330 


331 


i 
.0505694 


.0551667 


.0597639 


.0643611 


.0689583 


.0735556 


.0781528 


.0827500 


.0873472 


331 


333 


.0507222 


.0553333 


.0599444 


.0645556 


.0891687 


.0737778 


.0783889 


.0830000 


.0876111 


333 


333 


.0508750 


.0555000 


.0601250 


.0647500 


.0893750 


.0740000 


.0788250 


.0832500 


.0878750 


333 


334 


.0510278 


.0556667 


.0603056 


.0649444 


.0895833 


.0742222 


.0788611 


.0835000 


.0881389 


334 


335 


.0511806 


.0558333 


.0604861 


.0851389 


.0697917 


.0744444 


.0790972 


.0837500 


.0884028 


335 


336 


.0513333 


.0560000 


.0606667 


.0653333 


.0700000 


.0746867 


.0793333 


.0840000 


.0886667 


336 


337 


.0514861 


.0561667 


.0808472 


.0655278 


.0702083 


.0748889 


.0795894 


.0842500 


.0889308 


337 


338 


. 0516389 


.0563333 


.0610278 


.0657222 


.0704167 


.0751111 


.0798056 


.0845000 


.0891944 


338 


339 


.0517917 


.0565000 


.0612083 


.0659167 


.0706250 


.0753333 


.0800417 


.0847500 


. 0894583 


339 


340 


.0519444 


.0566667 


.0613889 


.0681111 


.0708333 


.0755556 


.0802778 


.0850000 


.0897222 


340 


341 


.0520972 


.0568333 


.0615694 


.0863056 


.0710417 


.0757778 


.0805139 


.0852500 


.0899881 


341 


343 


.0522500 


.0570000 


.0617500 


.0885000 


.0712500 


.0780000 


.0807500 


.0855000 


.0902500 


343 


343 


.0524028 


.0571667 


.0619306 


.0686944 


.0714583 


.0782222 


.0809861 


.0857500 


.0905139 


343 . 


344 


.0525556 


.0573333 


.0621111 


.0668889 


.0718667 


.0764444 


.0812222 


.0860000 


.0907778 


344 


345 


.0527083 

i 


.0575000 


.0622917 


.0870833 


.0718750 


.0768867 


.0814583 


.0862500 


.0910417 


345 


346 


.0528611 


.0576667 


.0624722 


.0672778 


.0720833 


.0768889 


.0818944 


.0865000 


.0913058 


346 


347 


1.0530139 


.0578333 


.0626528 


.0674722 


.0722917 


.0771111 


.0819306 


.0867500 


.0915694 


347 


348 


;. 0531667 


.0580000 


.0628333 


.0676867 


.0725000 


.0773333 


.0821667 


.0870000 


.0918333 


348 


349 


.0533194 


.0581667 


.0630139 


.0878611 


.0727083 


.0775556 


.0824028 


.0872500 


.0920972 


349 


350 


.0534722 

1 


.0583333 


.0631944 


.0680558 


.0729187 


.0777778 


.0828389 


.0875000 


.0923611 


350 




5H% 


6% 


6^% 


7% 


7^% 


8% 


8>^% 


9% 


9H% 





58 



INTEREST ON ONE DOLLAR 



Days 


BASIS: DAYS ^fiO PER ANNUM 


Days 


1% 


1^% 


2% 


23^% 


3% 


3K% 


4% 


4H% 


5% 


351 
35!^ 
353 
354 
355 

356 
357 
358 
359 
360 


.0097500 
.0097778 
.0098056 
.0098333 
.0098611 

.0098889 
.0099167 
.0099444 
.0099722 
.0100000 


.0146250 
.0146667 
.0147083 
.0147500 
.0147917 

.0148333 
.0148750 
.0149167 
.0149583 
.0150000 


.0195000 
.0195556 
.0196111 
.0196667 
.0197222 

.0197778 
.0198333 
.0198889 
.0199444 
.0200000 


.0243750 
.0244444 
.0245139 
.0245833 
.0246528 

.0247222 
.0247917 
.0248611 
.0249306 
.0250000 


.0292500 
.0293333 
.0294167 
.0295000 
.0295833 

.0296667 
.0297500 
.0298333 
.0299167 
.0300000 


.0341250 
.0342222 
.0343194 
.0344167 
.0345139 

.0346111 
.0347083 
.0348056 
.0349028 
.0350000 


.0390000 
.0391111 
.0392222 
.0393333 
.0394444 

.0395556 
.0396667 
.0397778 
.0398889 
.0400000 


.0438750 
.0440000 
.0441250 
.0442500 
.0443750 

.0445000 
. 0446250 
.0447500 
.0448750 
.0450000 


.0487500 
.0488889 
.0490278 
.0491667 
.0493056 

.0494444 
.0495833 
.0497222 
.0498611 
.0500000 


351 
35;$ 

353 
354 
355 

356 
357 
358 
359 
360 




1% 


iy27o 


OCT 

*70 


«H% 


3% 


3^% 


4% 


4^% 


5% 





Duties of Directors of National Banks and 
Liability for the Discharge of Same 



Here are some excerpts from legal deci- 
sions regarding personal liability of Na- 
tional Bank Directors: 



In the case of Eank v. Cooper, 149 
Fed., 1010, District Judge Finkelnbnrg, 
of the Western District of Arkansas, said : 

"At the threshold of this case it must 
be said that the testimony does not show 
that any of the defendants in this pro- 
ceeding gained or intended to obtain any 
pecuniary advantage or to make any im- 
proper personal gain out of the various 
transactions involved. So far as the evi- 
dence shows, the defendants were men in 
good standing in the community, and 
many of them active business men of 
high standing. Nor does it appear that 
they were guilty of knowingly assenting 



to or participating in the malversations of 
funds by the president of the bank which 
wrecked this one-time flourishing financial 
institution. The question rather is wheth- 
er they were guilty of neglect in not know- 
ing or ascertaining these things and in not 
taking steps to prevent or remedy them 
— such culpable neglect as would make 
them liable under the general principles 
of the common law governing the duties 
of bank directors, vMch apply to na- 
tional banks as well as all other banks, 
and also under section 5145, Eev. St. (U. 
S. Comp. St. 1901, p. 3463)— the na- 
tional bank law — which provides that the 
affairs of such banks shall be managed by 
not less than five directors, and section 
5147, which makes it incumbent on every 
such director to diligently administer the 
affairs of such banks. 







INTEREST ON ONE 


DOLLAR 




59 


Days 


BASIS: DAYS (360 ^^^ ANNUM 


Days 












1 


1 




5H% 


6% 


63^% 


7% 


7^% 


8% 


83^% 


9% 


93^% 




351 


.0536250 


.0585000 


.0633750 


.0682500 


.0731250 


.0780000 


. 0828750 


.0877500 


.0926250 


351 


353 


.0537778 


.0586667 


.0635556 


.0684444 


.0733333 


.0782222 


.0831111 


.0880000 


.0928889 


353 


353 


.0539306 


.0588333 


.0637361 


.0686389 


.0735417 


.0784444 


.0833472 


.0882500 


.0931528 


353 


354 


.0540833 


.0590000 


.0639167 


.0688333 


.0737500 


.0786667 


.0835833 


.0885000 


.0934167 


354 


355 


.0542361 


.0591667 


.0640972 


.0690278 


.0739583 


.0788889 


.0838194 


.0887500 


.0936806 


355 


356 


.0543889 


.0593333 


.0642778 


.0692222 


.0741667 


.0791111 


.0840556 


.0890000 


.0939444 


356 


357 


.0545417 


.0595000 


.0644583 


.0694167 


.0743750 


.0793333 


.0842917 


.0892500 


.0942083 


357 


358 


.0546944 


.0596667 


.0646389 


.0696111 


.0745833 


.0795556 


.0845278 


.0895000 


.0944722 


358 


359 


.0548472 


.0598333 


.0648194 


.0698056 


.0747917 


.0797778 


.0847639 


.0897500 


.0947361 


359 


360 


.0550000 


.0600000 


.0650000 


.0700000 


.0750000 


.0800000 


.0850000 


.0900000 


.0950000 


360 




53^% 


6% 


63^% 


7% 


73^% 


8% 


8K% 


9% 


9^% 





Duties of Directors oe National Banks 



"Briefly summarized^ I understand the 
law on this subject to be as follows: (1) 
Directors are charged with the duty of 
reasonable supervision over the affairs of 
the bank. It is their duty to use ordi- 
nary diligence in ascertaining the condi- 
tion of its business, and to exercise rea- 
sonable control and supervision over its 
affairs. (2) They are not insurers or 
guarantors of the fidelity and proper con- 
duct of the executive officers of the bank, 
and they are not responsible for losses re- 
sulting from their wrongful acts or omis- 
sions, provided they have exercised ordi- 
nary care in the discharge of their own du- 
ties as directors. (3) Ordinary care, in this 
matter as in other departments of the law, 
means that degree of care which ordinar- 
ily prudent and diligent men would exer- 
cise under similar circumstances. (4) 
The degree of care required further de- 
pends upon the subject to which it is to 
be applied, and each case must be deter- 
mined in view of all the circumstances. 
( 5 ) If nothing has come to the knowledge 
to awaken suspicion that something is 



going wrong, ordinary attention to the 
affairs of the institution is sufficient. If, 
upon the other hand, directors know, or 
by the exercise of ordinary care should 
have known, and facts which would awaken 
suspicion and put a prudent man on his 
guard, then a degree of care commensurate 
with the evil to be avoided is required, 
and a want of that care makes them re- 
sponsible. Directors cannot in justice to 
those who deal with the bank shut their 
eyes to what is going on around them. 
(6) Directors are not expected to watch 
the routine of every day's business, but 
they ought to have a general knowledge 
of the manner in which the bank's busi- 
ness is conducted, and upon what securi- 
ties its larger lines of credit are given, 
and generally to know of and give direc- 
tion to the important and general affairs 
of the bank. (7) It is incumbent upon 
bank directors, in the exercise of ordi- 
nary prudence, and as a part of their duty 
of general supervision, to cause an exami- 
nation of the condition and resources of 
the bank to be made with reasonable fre- 



60 



Duties of Directors of National Banks 



quency. I have drawn the foregoing prop- 
ositions largely from the leading cases of 
Briggs V. Spaulding, 141 U. S. 132, 11 
Sup. Ct. 924, 35 L. ed. 662; Gibbons v. 
Anderson (C. C), 80 Fed. 345; Martin 
V. Webb, 110 U. S. 7, 3 Slip. Ct. 428, 28 
L. ed. 49; Warner v. Penoyer, 91 Fed. 
588, 33 C. C. A. 222, 44 L. E. A. 761 ; 
Cockrill V. Cooper, 86 Fed. 7, 29 C. C.-A. 
529, and the recent decision of the Su- 
preme Court of Ohio in the case of Mason 
V. Moore, 76 N. E. 932.^' 

Gibbons v. Anderson, 80 Fed. 345 : 
"... In my opinion, it does not 
meet the requirements of this statement 
of the law that directors may confide the 
management of the operations of the bank 
to a trusted officer, and then repose upon 
their confidence in his right conduct, 
without making examinations themselves, 
or relying upon his answers to general 
questions put to him with regard to the 
status of the affairs of the bank. ... It 
is the right and duty of the board to 
maintain a supervision of the affairs of 
the bank; to have a general knowledge of 
the manner in which its business is con- 
ducted, and of the character of that busi- 
ness; and to have at least such a degree 
of intimacy with its affairs as to know 
to whom, and upon what security, its large 
lines of credit are given; and generally to 
know of and give direction with regard 
to the important and general affairs of 
tilie bank, of which the cashier executes 
the details. . . . The idea is not to be tol- 
erated that they serve as merely gilded 
ornaments of the institution, to enhance 
its attractiveness, or that their reputa- 
tions should be used as a lure to custom- 
ers. What the public suppose, and have 
the right to suppose, is that those men 
have been selected by reason of their high 
character for integrity, their sound judg- 



ment and their capacity for conducting 
the affairs of the bank safely and secure- 
ly." 

In the case of Thomas v. Taylor, 224 
U. S. 73, Mr. Justice McKenna said: 

*^ . . . There is ^in effect' an inten- 
tional violation of a statute when one de- 
liberately refuses to examine that which it 
is his duty to examine. . . ." 



In the case of Rensselaer L. Curtis as 
Receiver of the First National Bank of 
New Berlin, N. Y., v. Aimer H. Phelps, 
et al.. Judge Ray in the United States 
District Court, Northern District of New 
York, said: 

"... There is an implied contract 
and undertaking on the part of the di- 
rectors of a National Bank to properly 
and faithfully perform their duties as di- 
rectors, and if by misconduct or negli- 
gence they fail to perform such duty and 
damage results to the creditors of the 
bank, or the stockholders, a cause of ac- 
tion arises which may be enforced by the 
receiver in behalf of the creditors and 
stockholders. Such a cause .of action is 
contractual and arises out of the contrac- 
tual relation of the parties and is not 
in tort. It is equally true that an action 
to recover a penalty imposed by statute 
or a forfeiture incurred is in tort, and in 
the absence of some provision of law pre- 
serving the right or cause of action 
against the personal representative, same 
would abate with the death of the defend- 
ant. 

"As I read the complaint in this ac- 
tion, it is intended to set up and plead 
a cause or causes of action against the 
defendants here of the character first 
mentioned. That is, a cause of action 
based on the non-performance or the neg- 



Duties of Directors of National Banks 



61 



ligent performance of the implied con- 
tract of the defendants to see that the 
assets of the First National Bank of New 
Berlin, of which bank they were directors, 
were used in the manner and for the pur- 
poses prescribed by the National Banking 
Act, whereby damages to the creditors, de- 
positors and stockholders resulted. Such 
a breach of the contractual duty of direc- 
tors may arise from acts or omissions, 
some of which would subject them to a 
penalty under the National Banking Act, 
and if the action is to enforce and collect 
the penalty it would not survive the death 
of the wrongdoer, but if the action is based 
on the breach of implied contract, the 
cause of action does survive. The remedy 
of enforcing the penalty in such case 
would not be exclusive. I think this case 
is within and covered by Allen v. Lake 
et al., 141 Fed. R. 694, and Bovd et al. v. 
Schneider et al., 131 Fed. E. 223." 



"In Stephens v. Overstolz, 43 Fed. R. 
465, it is held, *An act of Congress im- 
posing a legal liability on the directors 
of a national bank for certain things 
which they may do, which shall result in 
an injury to the bank, its stockholders, 
or creditors, and making them liable for 
the amount of the damage, is a remedial 
and not a penal statute, and therefore arf 
action under it survives against the es- 
tate of a director. 

'^ *^Where a bank director makes a wrong- 
ful loan of money from which loss occurs, 
it is no defense to an action by the re- 
ceiver of the bank against the director's 
estate that the insolvency of the person 
to whom the loan was made was not dis- 
covered until after the death of the di- 
rector and the appointment of the re- 
ceiver.' " 



In the case of Rensselaer L. Curtis as 
Receiver of the First National Bank of 
New Berlin, N. Y., v. Aimer H. Phelps, 
Herbert L. Wheeler, et al.. Judge Ray in 
the United States District Court, North- 
ern District of New York, said: 

"... The defendants were directors 
of the said bank, and, for years^ or dur- 
ing their respective terms of office, had ac- 
cess to all the books and papers of the 
bank (and such books will be open for the 
inspection of the defendants at suitable 
times and places and under suitable regu- 
lations), and reside at or in the vicinity of 
the village of New Berlin, where all or 
nearly all of the transactions complained 
of took place and, in view of the volumi- 
nous and specific charges in the bill of 
complaint, must be, or, at least, may be as 
well or better informed as to all such 
matters than the complainant himself. 
The alleged forged notes are set out in 
full so far as known. Arnold, the cashier, 
whose incompetency, immoral life and ex- 
travagant and wasteful habits are re- 
ferred to and charged, resided in New 
Berlin, had charge of the bank and was 
associated with the defendants, and his 
habits and mode of life, etc., must be far 
better known to them than to the com- 
plainant. Ki least due and diligent in- 
quiry will fully inform the defendants as 
to the truth or falsity of such allegations. 
Just how, by what means and when Ar- 
nold abstracted, purloined or stole the 
funds of the bank and made it insolvent 
are matters as to the details of which the 
directors are or should be much better 
informed than the complainant. The con- 
tents of the books, the false entries or no 
entries, as the case may be, the forged 
untrue entries concerning same are or may 
be known to the defendants by examining 
the books, and on these and the absence of 
the funds and the wasteful and dissolute 



62 



Duties of Directors of ISTational Banks 



life of Arnold, quite likely, the complain- 
ant bases the charge that Arnold abstract- 
ed and embezzled the funds. . . . 

"... On the question of the negli- 
gence of the defendant it is apparent from 
the bill of complaint that he is charged 
with, not only special and specific acts of 
negligence as charged, but with general 
and continuous negligence in respect to all 
the matters charged while the defendant 
had to do with the bankrupt. . . .'' 



There are many more decisions of like 
purport. These, however, are sufficient 
to indicate that N"ational Bank Directors 
are personally liable, as well as their 
estates, for bank losses, provided they 
have not exercised due care and diligence 
in the discharge of their duties. 

To avoid liabilit}^, the National Bank 



Director should understand the National 
Bank Act and have personal, detail knowl- 
edge regarding the bank's affairs and act 
thereon with intelligence and prudence at 
all Board Meetings. It is impossible to 
obtain personal, detail knowledge unless 
an exhaustive examination of the bank's 
books of account and documents be made 
by each member of the Board. For an 
.exhaustive examination the directors have 
not the time, experience or organization; 
therefore, an Auditing Committee should 
be appointed from members of the Board 
of Directors, with power to employ reli- 
able Certified Public Accountants to make 
at frequent intervals exhaustive examina- 
tions of the bank's affairs and to report 
their findings to the Board of Directors. 
If the bank records are kept in good 
form the fee for reliable Certified Public 
Accountants' services is not excessive. 



Exhibit "A," General Balance Sheet as of December 31, 1914, on page 63, and 
Exhibit "B," Statement of Income and Profit & Loss for the period October 1, 1911, 
to December 31, 1914, on page 64, are photographic copies of a portion of a report 
that was rendered by us. The only changes made are in names, so that the public 
cannot recognize the bank. 

The reason at the time for our making this examination was on account of a new 
interest buying stock control and the election of a new Board of Directors, who de- 
sired information regarding the bank's assets and liabilities and its past operations. 

As a result of our investigation a large percentage of the items which we had 
charged to Profit & Loss (see Total Charges against Income, $153,599.18) were made 
good by the old Officers and Directors. 

Where necessary, we supplement our General Balance Sheets and Statements of 
Income and Profit & Loss wdth schedules of explanation as to how the items thereof 
are made up. 

A reliable Certified Public Accountant's report, as indicated here, 
after a thorough investigation of the bank, will definitely inform the 
Officers and Directors of its operations and financial standing. The in- 
vestigation would discover, and if made periodically, prevent defalcations. 

Figures compiled by the National Surety Company show reported defalcations in 
the United States in 1913 totaled $Jf.,000,000.00, lohile unreported and undiscovered 
defalcations are estimated at $It-0,000,000.00. 

In our accounting practice we fit accounting conditions to legal requirements. 



64 



EXHIBIT "B" 



PERIXY MORSE & COMPANY 

CERTIFIED PUBLIC ACCOVNTANTS 

s^xTv-o^fI: br.oad'vww 

NEW YORK 

CASLC &00BES3 ■SrANOlT" 



A. 


U. Z. N A 


T I N A 


L I 


J A N 


K 






BLANK 


CITY. 


H. 


Y. 


THE 




STATEiffiNT 


OF I2IC02ffi AND PROFIT & 


LOSS 


FOR 


PERIOD 



OCTOBER 1, 1911 to lECKilBER 31, 19 U. 



GROSS EARNINGS :- 

Interest and Discount 
Exchange 

TOTAL GROSS EARNINGS. . 



CHARGES AGAINST GROSS EARNINGS! 
General Expenses 



Interest amd Discoun-^ charged to Profit & 
Loss r 

Charges to Cashier's Accoimt:- 

Interest 

General Expenses 

TOTAL CHARGES AGAINST GROSS EARNINGS. . . . 



NET EARNINGS. 



OTHER INCOME ;- 
Rents 

Bad Dehts Collected, Schedule §1 

Suspended Debts Collected, Schedule fZ. . , 

Revenue Sta-aps Redeemed 

TOTAL OTHER INCOME 



GROSS INCOME. 



CHARGES AGAINST INCOME:' 



Bad Debts :- 

Call Loans, Schedule #3 . . . 
Past Due Notes, Schedule jfA . 
Bills Discounted, Schedule #5 
Suspended Debts, Schedule ^. 
Suspense Accounts, Schedule j^ 
Real Estate, Schedule jj^, » , 

Total Bad Debts 

Premium Account, Schedule ^. . 

Blank Improvement Certificate . 

A. B. C. Life Insiirance Co. . . 

Overdrafts 

Cash 

TOTAL CHARGES AGAINST INCOME. . . 



NET INCOME - DEFICIT. 



PRIOR BALANCE PROFIT & LOSS, OCTOBER 1, 19 H 



265 
60 



$ 23.512 
36,562 
11,204 
32.364 
2,491 
13,730 



RENT p rior to October 1, I911, not included in 
Profit & Loss Account until later . . .,\ 



TRANSFERRED FROM SURPLUS. 
TOTAL 



LESS:- Dividends Paid 



PROFIT & LOSS BALANCE - Undivided Profits 



.50 

.35 

^63 
07 
36 



$158,353 
642 



$111,512 
3.938 

326 



3,186 

2.993 

41,687 

56 



99 
39 
30 

1.23 



$119,865 

3.780 

2,605 

404 

53 
26.891 



$ 28,560 

28,206 
49,300 



$106,067 
40,000 



$158,996 



115.777 



43,219 



47.923 



91. U3 



153.599 



62,456 



66,067 



06 
$ 3,610L98 




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